Embassy Group fast tracks ₹2,000-cr housing ventures
The Bengaluru-based realty builder, Embassy Group, has targeted to invest Rs 2,000 crore to complete its ongoing housing projects and to complete the task the group is also looking to buy land or form joint ventures to expand its presence in Bengaluru and in other major cities, said President (Residential Business) Reeza Sebastian, claiming that the company is also considering entering the senior living housing segment and adopting pre-fab construction technology. The firm has completed 12 million sq ft of housing projects and is currently developing approximately 10,000 units across six projects. Five projects are based in Bengaluru while the sixth is being developed in Chennai. She added that five projects would be completed by 2019-20 while nearly 300 acre township Embassy Springs in Bengaluru would be completed in the next five years and also claimed that total cost for the ongoing projects is more than Rs 5,000 crore, of which about 60 per cent has already been deployed.
📅Published on:
16 December 2018
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