Friday, 7 October 2016

Kohinoor Group to invest Rs 300 crore in 2 logistics parks in Maharashtra

MUMBAI: Pune-based real estate developer, Kohinoor Development Corporation (KDC) proposes to invest Rs 300 crore in setting up two logistics parks in Maharashtra.

"We are setting up two logistics parks in Chakan and Ranjangaon in Maharashtra. The Rs 600 crore projects will be funded through 50:50 JV and we will invest around Rs 300 crore in the said project," KDC Joint Managing Director Vineet Goyal told reporters here.

These two logistics parks are spread over 100 acres of land with 2 million square feet warehousing facility for auto ancillary units. The Chakan unit will be ready by 2018 and Ranjangaon by 2020, Goyal said.

Kohinoor Group-Pune is looking at expanding across business segments of residential, commercial, retail and hospitality sectors, he said.

The group has developed and promoted over 4 million square feet projects in the residential and commercial segments across strategic locations especially in the PCMC area in Maharashtra.

The projects are Tinsel Town in Hinjewadi, Falcon in Sus, Grandeur in Ravet, High Points Value in Model Colony, Shangrilla & B-Zone in Pimpri, Saheel s Calysta in Wakad, Saheel Fortune Park in Moshi, Shubhyog in Shirwal, Kohinoor Towerin Pimpri and Kohinoor Abiman in Samatane Phata in Pune.

Kohinoor Group is now planning to enter into Thane, Nagpur and Nashik in Maharashtra for residential as well as commercial projects. It is also looking commencing project at Rajkot in Gujarat, where it has already acquired 25 acres of land, Goyal added.

Source: ET Realty
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