The company, which is currently in the process of raising funds through its initial public offer (IPO), is planning to invest over Rs 500 crore to develop the project that will be completed in the next five years.
Realty developer Rustomjee Group has entered into an agreement to jointly develop a nearly 2 million sq ft affordable residential project on a 12-acre land parcel in Kalyan, near Mumbai. The deal marks Rustomjee Group’s foray into the eastern region on the outskirts of Mumbai.
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/rustomjee-inks-pact-to-develop-2-million-sq-ft-affordable-housing-project-in-kalyan/articleshow/94789897.cms
Source: Economic Times
