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Experts from Bengaluru feel the move will tremendously burden the city’s stormwater drains, traffic, parking facilities, and sewage networks, as they expect to see an increase in the population density
In a recent purchase, the company bought a piece of land in Neopolis, Kokapet, Hyderabad for Rs 660 crore for a 9.7-acre plot, which translates to around Rs 68 crore per acre. The company will primarily build residential properties on this expanse of land spanning one million square feet.
The leadership change comes as CREDAI Bangalore aims to further enhance its contribution to the real estate industry
The Board of Directors also considered and approved the appointment of Aroon Raman, Independent Director, as non-executive Vice Chairman.