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Berkeley to try its luck in Realty segment

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Berkeley Group, Chandigarh based company has proclaimed to raid into realty business with the establishment of its new company Berkeley Realtech Ltd. which will give commercial, retail and industrial space on leasing basis to corporate companies and planning to invest Rs. 300 Crores of business in the first year of its processes.
Sanjay Dahuja, Director of Berkeley Realtech Ltd. said to www.propertykhazana.com that, “We will assist the company in finding appropriate space on leasing basis in the tricity of Chandigarh, Mohali and Panchkula according to their needs. Company is also helping business initial from personal certification and survey of sites; correct managing of legal measures till signing of the last contract.”
Company will charge 1 month leasing for both the landowners and inhabitant as commission for the contract. Dahuja said to www.propertykhazana.com that, “Already we have recognized 400 such places which are accessible with us and we are further gazing for more space, so as to give to meet the rising needs of companies.” He also added that, “We are anticipating our auctions from other businesses to hike from Rs. 400-700 Crores and leftover Rs. 300 will come from real estate business.” Berkeley Group is having interest in automobiles, insurance, finance and is gazing to hike its income from Rs. 400-1000 Crores by end of 2008-09.
Source: NBTVLIVE

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