Township investment continues by HCC
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Huge investment is still on for major groups of realty beside higher inflation and rate of interest of banks. According to the sources of www.propertykhazana.com arm of realty major Hindustan Construction Company – HCC real estate Ltd is making their minds to invest in township arena across the country. The sum of investment is known to be around one thousand crore for the very purpose. The project is to get start by coming economic year which might complete its first phase. Source of www.propertykhazana.com also reveals that the sum of funds will be collected through the company’s forthcoming IPO as stated by its president Rajgopal Nogia.
Rajgopal Nogia further states that at Nashik zone the company is acquiring a land mass of around one thousand acres where as 300 acres is fixed around the posh locality of Thane district in Maharashtra. Apart from this in Mumbai, company also poses some land masses for the same purpose and in its adjacent historical city of Maharashtra the company has around 250 acres of land for the construction. Company heads are also looking few more areas near Kolhapur, Panvel and Nagpur area. A rehabilitation site is also on the card of the company’s projects in Vikhroli.
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