A real estate developer will undertake a residential project comprising roughly four lakh square feet of saleable area. The project carries a revenue potential of more than ?250 crore.
The developer has acquired a four-acre land parcel in a locality near a major technology hub in Bengaluru. The plan includes developing a residential complex of around four lakh square feet of saleable space, consisting of approximately 350 apartments. The project, estimated to generate over ?250 crore in revenue, is expected to be completed over the next three years and is scheduled for launch within the current financial year.
The developer currently has a pipeline of 47 projects totaling 51 million square feet of saleable area, including 25 ongoing projects with a combined saleable area of 23.5 million square feet as of March 31, 2024.
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