SIDC infuses Rs. 180cr in Shristi realty

The Mumbai-based Shristi Infrastructure Development Corporation (SIDC) is investing Rs. 180-cr in its housing project in Mumbai, "Shristi Sea View", which is its first and major housing project beyond Eastern India. The investment for the project would be around Rs. 180cr, said the Managing Director, Sunil Jha, adding that it has invested Rs. 50-60-cr in the project located near Shivaji Park in Mumbai, the 42 storey apartment complex has only 49 flats with a view of the Arabian Sea and the price for each flat is Rs. 8cr. The project is expected to be completed by 2018. In the project, it has already sold 70% of the total inventory and exploring opportunities to develop similar projects in Mumbai, Bengaluru, and Hyderabad, he added.

Published: 25 September 2016