📋 Tender Overview
Scope : To Develop a Ashiana Malhar Housing Project in Pune, Maharashtra
Realty firm Ashiana Housing will invest around Rs 350 crore over the next five years to develop a housing project in Pune as part of its expansion plan. The company has tied up with Pune-based Lohia Jain Group, which owns 11.33 acre land in Hinjewadi region.
The project 'Ashiana Malhar' will have 990 residential units. The first phase comprises 224 units.
They are launching a mid-income housing in Pune targeting IT professionals.
The company will develop this project in four phases, the project would be fully completed in the next five years.
The land belongs to the JV partner and is fully paid.
They will invest Rs 300-350 crore on construction of the entire project and other related expenses.
The investment will be funded through internal accruals and advances from customers against sales.
Lohia Jain group will get 32 per cent of the total revenue earned from this project.
The project would represent the values of the two brands.
The Lohia Jain Group is a construction company in Pune.
Partner :
Lohia Jain group
Address : Lohia Jain House, 893/6, Bhandarkar Road, Goodluck Chowk, Deccan Gymkhana,
Pune - 411004. Maharashtra.
Email : info@lohiajaingroup.com
Tel : +91 20 25651115 / 6
Mob : +91 9503140099
Website : http://www.lohiajaingroup.com/
