Atlanta executed Rs 520 Crore Realty developments
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It is reported by the Sources to the www.propertykhazana.com, Atlanta which is a Mumbai Based Infrastructure Development Company was approved to implement the Rs. 520 Crores construction ventures which was mainly focused on developing township and on the commercial complex in Hyderabad and in Mumbai respectively. Company had rolled out a township in Hyderabad with input of Rs. 500 Crores and was also proposing to drift a unique purpose vehicle in which it had hold up 75% of share. Township venture comprises building up the commercial and also housing blocks and was finished within a year.
As per the sources, in Mumbai the company had taken a decision to give an entry into the JV with Thakural Builders to form up the construction work of 60, 000 Sq.ft commercial complexes at Malad. The venture at once finished had given the growing demands of developing commercial possibility in the locality. The venture had occupied a total price structure of Rs. 20 Crores in which the property had a price tag of Rs. 7 Crores and the company had also revealed a huge interest in building the underground car parking lot at Hutatma Chowk, Regal Cinema and in Crawford market to assist 2,000 parking’s by the Brihan Mumbai Municipal Corporation (BMC).
Source: NIMMA BENGALURU
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