SRK Group To Invest Rs 5,000 crore In Next 5 Years

Real estate firm SRK Group is planning to invest Rs 5,000 crore in developing various properties across the country over the next five years with plans to expand to new cities.

“The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the next five years in developing residential as well as commercial projects,” industry sources said.

When contacted, the Pune-based SRK Group’s Chairman and Managing Director K Rasheed Malik said, “We are looking into new areas and different projects. In Kerala, we have already identified some projects, which we will be developing in the future.”

He, however, declined to comment on the size of the investment the group is planning to put in.

According to the sources, SRK group plans to invest about Rs 2,000 crore in Kerala in five years. It is also likely to launch 3-4 residential projects in the state within the next six months.

Malik said, the group was looking at markets like Delhi, Gurgaon, Ahmedabad, Pune and Chennai.

“Currently we are talking to land owners to acquire land, but nothing has been finalised yet,” he added.

Apart from Delhi, where SRK Group plans to develop only commercial projects, in all the other cities it will develop both residential and commercial properties.

“We are looking to develop about 15 projects in these five new cities with over 100 acres of land in total,” Malik said.

The group, which is currently developing 20 projects in south India, is also planning to construct 100 housing units for Adivasis and poor people in Kerala free of cost, he said.

“We will also be launching healthcare facilities and ambulance services in rural Kerala,” he added.

2 Comments

  1. Posted August 14, 2008 at 4:32 am | Permalink

    India has “enormous potential in all its property investment categories”. Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view- realtydigest.blogspot.com

  2. lkmadavi
    Posted April 29, 2009 at 8:05 pm | Permalink

    dear sir,

    our ngo is a tribal / indigenous people`s non-profitable ngo working for the poor tribal people of maharashtra state.

    our objects
    1] to take care of the child, widow women, widow of nexelite
    [tribal] people, blind, handicapts persons,
    2] providing the education, adult education, distance
    education, urban scooling, training to people living in
    remote tribal areas, which are primitive tribal female
    where is below 10% education, cultural education, prevent
    from mis-education,
    3] suports to poor tribal people for small bussiness, providing
    guidence for self employement, forming small saving
    groops in villages, arranging training for small industrial
    products,
    4] prevent from the violation of human rights of tribal people,
    5] issues taking with government, appropriate authoritis
    that are
    a] malnutritions / starvation in tribal areas,
    b] unmarried mothers in tribal areas,
    c] killing tribal by tribals on the name of naxelite,
    d] killing the tribal people in public places, police station
    and in conflict with in religeous struggles,
    e] preservation and prevention of customs, cutomary law
    cultural identity of the tibal people
    d] restore of tribal land, rights of traditional lands.

    prayer-
    we need of financial assistance, grants
    for child education, and increase education in primitive tribes, for protection of women, unmarried mother, tribal children due to malnutrition, help to handicapts, arfen children, resettlement of tribal people, and widows of naxelite [tribal]

    yours sincerely

    l k madavi
    president
    mulnivasi mukti manch

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