Released on: August 25, 2008, 2:26 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: It is reported that real estate developer Salarpuria Group
plans to invest about INR 3,000 crore in 12th to 14th projects across the country.


Press Release Body: It is reported that real estate developer Salarpuria Group plans
to invest about INR 3,000 crore in 12th to 14th projects across the country. These
will be a mix of residential, commercial, retail and hospitality which are in
various stages of implementation, located in Bangalore, Hyderabad, Pune, Kochi,
Jaipur, Kolkata and Visakhapatnam.

As per the report, Salarpuria group announced the launch of an INR 1,000 crore,
1,672 apartment residential project, Greenage spread over 21 acres on Hosur Road.
The first phase of the project will have 800 apartments being built and is expected
to be completed in 30 months. Zachariah Consultants are the architects for this
project. Amenities offered are helipads, a creche, tea gardens, a retail area that
would have a convenience store, beauty salon, 2 theatres and ATMs and a media
centre.

The company also plans to build malls in Hyderabad and Jaipur and 2 in Bangalore.
Besides, 2 hotels one each at Bangalore and Hyderabad are being planned with
investment of INR 160 crore in each project.......

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