Punjab-based real estate player SBP Group has signed agreements with the Himachal Pradesh government to invest ₹730 crore for developing housing and commercial projects in the hill state. As per the terms and conditions of the MoUs, SBP Group will invest ₹630 crore for building residential projects in Mandi, Solan and Shimla, and another ₹100 crore for a resort with 120 rooms in Shimla, said MD Aman Singla and VP Raman Singla, adding that the company is expanding its presence in Himachal Pradesh after establishing a strong customer base with multiple projects in Punjab where it has already delivered around 12 residential projects and is currently developing many more.
📅Published on:
20 September 2019
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