Mumbai real estate is going to attract ETA Star Property Developers which will build a mall in Mumbai’s Juhu area by spending Rs. 1,500 crore.
The mall will be constructed in a 50:50 joint venture with Supra Estates by developing 10 acre plot in January next year.The service apartments will also be built.
ETA Star is basically a Chennai real estate developer which is a part of $4 billion ETA Ascon group based in the UAE.
The company has invested Rs. 800-900 crore to acquire the land for the mall. The construction of the mall will be completed by 2010 and will be available for lease for seven years.
Mainly the company is operating its projects in southern region of the country across Chennai, Bangalore and Hyderabad.
The Jasmine Court apartments are being built by the company in Chennai. There are two more Bangalore residential projects ‘Binny Crescent’ and ‘The Gardens’.
Saturday, November 17, 2007
Mall in Mumbai
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment