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Swan Mills to initiate realty ventures in Mumbai

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According to the sources available with www.propertykhazana.com, Swan Mills Ltd. a Mumbai based firm is proposing to rise up with commercial and housing realty ventures in the locality with the total beneficial area of 1.85 Million Sq.ft. Along the ventures, the main one’s will be the housing venture at Sawari in Central Mumbai and the commercial venture in Kurla. Both the ventures will have separate commercial areas, Sewari venture will have 9, 50,000 Sq.ft and Kurla venture will have 9, 00,000 Sq.ft, said the source at the www.propertykhazana.com. These ventures will be fully executed by March 2009 and the company has joined hands with Peninsula land Ltd. for the administration of the realty ventures in Mumbai.
As per the sources available to www.propertykhazana.com, the role and responsibilities of the Peninsula India Ltd. will be restricted to the management and for the marketing of the venture only and the credit of the two ventures will be in the account of Swan Mills Ltd. Peninsula will be given 22% of the total proceeds fetched from Mumbai ventures and 70% of the apartments in Sewari venture has been finished shortly as the Kurla venture is yet to begin with the construction, said the Senior officer of the company to the www.propertykhazana.com.
Source: NBTVLIVE

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