Mumbai’s major Textile sector aims at diversifying their activities into realty segment
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Sources available at www.propertykhazana.com states that the textile firms are planning to diversify their activities in the realty segment, thanks to the recovery in the realty region. Many of the textile groups like Bombay Dyeing, Golden Tobacco and Century wish to enter into the realty segment and have sold their land to Developers and Tata, Mahindra and Godrej are also following suit. The Tatas own Tata housing and realty segment, Mahindra has Mahindra lifespace Developers, whereas the Godrej properties are owned by Godrej.
The Chairman of Bombay Dyeing group at their AGM stated that their entry into realty segment went on a happy note. At present they own 64 acres of land in Mumbai and are trying to execute the same in a planned manner without the aid of developer. He also stated further that they are not curious to make a block of their land. Sources at www.propertykhazana.com state that Bombay textile group is a major textile industry.
The groups’ has its owned property at Mumbai and has also developed apartments at Worli and Lower Parel. The group did not want to disclose any further details with regard to their foray into realty segment. For further details please visit www.propertykhazana.com.
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