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Uppal Housing planning Rs 1,500 Crore investment in hospitality properties

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As per the source saying @ the www.propertykhazana.com Delhi based Uppal Housing Pvt Ltd. is investing a soaring amount of Rs. 1500 Crores to develop the hotel properties in India in coming two to three years. And the group is proposing to develop five star hotels in Pune, Hyderabad, Bengaluru, Goa and in Chennai and also two star hotel lands are under development in Gurgaon and Chandigarh.
If the revealed source @ the www.propertykhazana.com is considered then the Group might join the hands with famous names in the hospitality segment to handle the new lands and it will increase capital through debt, internal buildups and by hiking the funds from private equity players. If necessary, the company might gather funds through IPO. Uppal will shortly develop an elite mall which will be named as Centra Mall and lavish flats known as Uppal’s Marble Arch in Chandigarh. These ventures will engross the investments of Rs. 100 Crores and Rs. 250 Crores correspondingly. For more details or informations logon to www.propertykhazana.com.
Source: NBTVLIVE

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