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KIAC and City Corporation signs a Joint Venture contract

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According to the sources available with the www.propertykhazana.com, realty limb of Future Group and Pune’s Realty Developer’s Kshitij Investment Advisory Company (KIAC) has signed a JV for the construction of 2.8 Million Sq.ft in Market City. Site is at inside the Amanora Park Township which is developed by Corporation. The firm is gazing ahead to make an investment value of $45 Million and the amount will be squared in as equity from the joined $430 Million amount which is belonged to Kshitij Project Capital Fund and Horizon Real Estate LLC and reportedly are interested to invest in Indian Real Estate.
It is reported at the www.propertykhazana.com that the City Corporation is to hover with SPV Company which is City Real Estate to make an additional of $45 Million, said Shishir Baijal, Managing Director and Chief Executive officer of KIAC. With the Market City ventures in cities like Mumbai, Hyderabad, Bangalore and Chennai and the concerned venture will be the 7th being constructed by Kshitij country wide and all these ventures are under development. Market City is likely to feature the sectors comprising retail, entertainment, commercial spaces and hospitality. Venture is thought to be comprised 300 hotel room, a conventional centre, service flats and community centre attributing Amphi-theatres. For more information logon to www.propertykhazana.com.
Source: NIMMA BENGALURU

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