IDEB to Push Pune Real Estate with Its Share of Investment

April 18, 2007	(2 votes, average: 1.5 out of 5)  Loading ...
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IDEB Group is drawing plans to make large investments in Pune real estate on a large scale.

The group is putting its vision on course with the development of a residential project Viaalgio Toscana in the city’s up market Kondhwa locality. It may also take development of prestigious real estate projects and hotels in the next few years.

Also, the group plans to construct a six million square feet residential project Villagio Toscana which boasts to feature exclusive accommodation units.  The project will be over by the next two years, says Harkirat Sing Bedi, director of IDEB.

The residential complex will come up on a large area of 250 acre on the outskirts of Pune. The group seems to be in final stages of negotiations with landowners.

Interestingly, IDEB has been successful in wooing prospective overseas investors, a fact that is cleared by the inflow of foreign direct investments in its projects. The group has already collected the investment of a whopping $600 million from overseas venture funds and private investors.

IDEB holds a vast experience in construction and development, with big and prestigious projects under its umbrella. The group has constructed the Rs 165 crore design and built bridge for Delhi Metro. It also entered into the joint venture with Shanghai Urban Construction Group. It has also set its another large residential project for launch in Kashipur, Uttrakhand.

News Published Under:   Pune, Real Estate Developers |

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