Reliance Group and Indiabulls unite for Raigad SEZ
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As Reported by the sources @ the www.propertykhazana.com Anil Ambani Group’s subsidiary Reliance Energy Limited has signed a JV with Indian realty major Indiabulls Real Estate Ltd. for implementing a SEZ at Raigad District off Maharashtra state. The proposed SEZ is planned in over 6000 acres of land.
Industry Experts speaking @ the www.propertykhazana.com said that Reliance Group signing a JV with Indiabulls is a clear indication that the Group is all set geared up to establish the brand name in construction and infrastructure segment. It is also said by the source that RIL is likely to use the 22 Kms Trans Harbor Link as connectivity mode for the proposed Special Economic Zone project.
The upcoming SEZ is well planned with allotment for industrial units up to 2100 acres, commercial processing of 2100 acres and area allotted for housing is 900 acres with vacant space 1500 acres.
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