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FMCG major Ruchi Group enters realty sector

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Ruchi Real Estate Holdings Pvt. Ltd. a realty arm of Ruchi Group of Industries has boarded on Rs. 450 Crores realty venture for constructing 796 lavish flats in the city. Ruchi Real Estate, Vice-President, Shivam Asthana said to www.propertykhazana.com that, “The venture will have the 1st sports based housing condominium in the city and other special amenities in 6 towers on 17 acres on the E M Bypass. Work is at full pace and likely to be ready by December 2010 and the cost of flat is Rs. 1 Crore.”
Ruchi Group is familiar with FMCG and the group is mainly into Oil manufacturing and processing. Asthana said to www.propertykhazana.com that, “Other realty ventures is undertaken by the company an integrated townships in Bhopal and Indore, housing flats in Mumbai and business hotels in Bhubaneswar, Jamshedpur and in Indore are the projects in Ruchi’s kitty.”
Source: NBTVLIVE

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