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Hirco puts in USD 198 million in Mumbai Township project

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According to the sources available to www.propertykhazana.com, Indian land developer Hirco has invested $198.1 Million in a 280 acres mixed township development venture in nearness to Mumbai. The Panvel Housing Township includes 18.3 Million Sq.ft of proposed housing and retail space, which is located near by the proposed second Mumbai International Airport. The venture is very close by to the Mumbai’s Central Business District. The township is planned to provide hiking demand of housing land from India’s middle class in Mumbai-Pune corridor and the company is expected to take-up apartments, town residences and villas, healthcare amenities and other facilities needed to produce a good structure.
As per the sources available with www.propertykhazana.com, township will be situated close to the Panvel Commercial Township Development which is Hirco started in July. The joined Panvel plot was newly given the name of SEZ, a position which carries a unique tax rights on the investors and on inhabitants. The township was initially recognized as a likely investment chance at the time of Hirco’s entry to London’s Junior Stock Exchange, AIM in December 2006. For more details logon to www.propertykhazana.com .
Source: NBTVLIVE

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