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News & Views on Indian Real Estate

Monday, August 11, 2008

Aeren R Enterprises to invest Rs 6, 350 Crore in two projects


The New Delhi-based real estate firm, Aeren R Enterprises is planning to pump in over Rs 6, 350 crore in developing two projects in North India. The company has plans to develop two premium residential projects in Ludhiana, of which one would come up on a 12-acre plot. The other township, to be spread over 175 acres, would also have a nine-hole golf course. "We have acquired 175 acres land for the township-International City – in Ludhiana. It will be developed by 2012 and the construction cost is estimated at over Rs 6, 000 crore," according to Aeren R Enterprises President (Corporate Affairs) and CEO, Mr. Prabhu Dutt. For the other project, he said investment would be around Rs 350 crore.

Vikas Bamotra said...

The U.S.-based Active has joined hands with the real estate developer, AerenR Enterprises, to introduce innovative business model of corporate trade in India.

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