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Uppal Housing Limited on expansion plans

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Delhi based Realty Company M/s. Uppal Housing Limited has recently publicized that the company is investing about Rs. 1500 crores in the upcoming projects and with this the company is foraying into the neighboring markets.
As reported by the sources at the www.propertykhazana.com Uppal Housing Ltd is on plans to develop projects in Mumbai, Pune, Hyderabad and few of the Tier-2 and Tier-3 South Indian cities and in the meantime, the priority for the National Capital will remain same said Mr. Gian Bansal, CEO and the Director of UHL.
Similarly, recognized builders like, DLF Ltd, Unitech Ltd, and Parsvnath Developers Ltd are optimistic on intensifying their dealings other than Delhi and its bounds Gurgaon and Noida. There is downfall in the realty market in these areas and builders showing their intrest towards other cities is only because of the downfall in the market, said a realty expert to the www.propertykhazana.com.
UHL is planning to raise funds through IPO and as reported by the sources at the www.propertykhazana.com UHL is about to initiate SEZ project spread in 263 acres in Gurgaon with a whooping investment of Rs. 5000 Crores to be developed jointly with an overseas company.
Source: NBTVLIVE

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