Suncity Projects To Invest Rs 2000 Crore

Realty player Suncity Projects today announced its plans to develop four retail cities in the country with an investment of around Rs 2,000 crore by 2011.The retail cities, under the brand name ‘Jewel of India’ would come up at Greater Noida, Indore, Jaipur and Mohali.

The first of these cities would become operational in Jaipur by 2011 and would be spread over an area of 40 lakh square feet. It would house premium retail brands like Lifestyle, Shoppers’ Stop, Pantaloon and Westside among many others.

Beside retail area, these cities would also house hotels, office places and entertainment zones.

Suncity Projects VP (Retail) Vijay Arora told, “This is one of the most ambitious projects in the retail space. ‘Jewel of India’ will house some of the most prominent brands of the country along with local handicraft of the region and will redefine the entertainment criteria for the customer”.

Further he added, The Jaipur retail city would house Johari Bazaar showcasing traditional Rajasthani jewellery, a five star hotel, business suites, food courts, six-screen multiplexes, besides other entertainment segments.

3 Comments

  1. Real Estate Delhi
    Posted July 28, 2008 at 12:33 am | Permalink

    I think its a positive and bold move … would really help the cities to improve on the realty market

  2. Posted July 28, 2008 at 3:57 am | Permalink

    Emaar Properties, the largest real estate company in the Middle East, is set to inject $150 million for a 20-25 percent stake each in three real estate developments in India. Emaar and MGF Developments of India set up a joint venture in 2005 called Emaar MGF, which currently accounts for India’s largest foreign direct investment in real estate through projects with a combined development value of US$1bn. Emaar is now considering establishing three separate special purpose vehicles which will then develop two retail properties and one office property in Gurgaon and Mohali.Emaar holds 41% in the Emaar-MGF joint venture while MGF holds 56%.For more view- realtydigest.blogspot.com

  3. vandana kansara
    Posted June 4, 2009 at 10:02 pm | Permalink

    i would like go flat in dahisar for 8 to 10 lakh can u please guide

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