Track2Realty-Agencies: Mantri Realty on Friday, Dec 7, said it will invest up to Rs 750 crore to develop three housing projects in Maharashtra and Karnataka over the next 2-3 years.
“We will launch 3 new projects next year. The total investments on construction of these projects will be Rs 700-750 crore,” company Chairman Sunil Mantri told PTI on the sidelines of NAREDCO summit here.
He added that one project each will be launched in Pune, Solapur and Bangalore during the period. Of these, the Pune project will be launched by March next year and will be a luxury housing project. The flats would be offered for Rs 1 crore each in the project.
“We will have about 8 lakh square feet area in the Pune project which will house around 350 flats. We will invest Rs 400 crore in the project,” he added.
The company will also launch another luxury housing project in Solapur, Maharashtra next year, which will also have some commercial spaces.
“The Solapur project will have 100 units and we are going to invest around Rs 100 crore on its construction,” he said.
