As part of its major expansion plans,ITC will build three new super deluxe luxury hotels in Chennai, Bangalore and Hyderabad at a cost of Rs. 1,000 crore. “ITC Hotels Ltd. is planning to build three new super deluxe luxury hotels in Chennai, Bangalore and Hyderabad at a cost of Rs. 1,000 crore and they would be functional in the next two to three years,” Y.C. Deveshwar, chairman ITC Ltd. told reporters on the sidelines of a CII function in Mumbai on Wednesday. ITC presently runs 66 hotels across 50 destinations. The ITC chairman declined to comment on the recent attempts of the central government to recover excise-ar-rears amounting to Rs. 803 crore by modifying past excise rules.