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Home : Blogs : vprashant kumar : vprashant kumar's Blog

Rs. 2000 CRORE TO BE INVESTED IN AFFORDABLE HOUSING

Citigroup-backed Golden gate properties plans to invest close to Rs.2,000 crore over two years in affordable housing projects, a senior official said. The projects will be funded primarily through customer sales, apart from banks loans to the tune of Rs.500 and equity, Golden Gate managing director K Pratap said. The Bangalore-based developer on Thursday announced plans to start construction on four township projects in Bangalore and Hyderabad, all grouped under the brand name Commune. A Significant portion of each development will comprise low-cost housing units with an area of 995-1122 sq. ft.

Courtesy: - ET Realty dtd:- 29th August 2008

Posted by vprashant kumar on 09/01/2008 03:02 AM

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vprashant kumar

Indiana Beach, IN

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Bhardwaj buidtech

Office Phone: (125) 658-4857 x 011

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Rs. 2000 CRORE TO BE INVESTED IN AFFORDABLE HOUSING