Real estate developer, Vipul to invest Rs 2, 000 crore in Tier-II citiesReal estate developer, Vipul Ltd, the eighth largest real estate company in India, plans to expand into tier-II markets, ie. smaller cities.
Apnaloan.com Research Bureau
22 Aug 2007
Real estate developer, Vipul Ltd, the eighth
largest real estate company in India, plans to expand into Tier-II
Media reports that the company is expanding into cities like Nagpur, Bhubaneswar, Chandigarh, Ludhiana, Mohali and Dharuhera (in Haryana). The company also has residential and commercial projects only in Gurgaon, Delhi.
The company is also exploring buying out projects of smaller developers who may have projects in good locations.
Vipul is also involved in the development of the proposed Nano city project, which will also house a information-technology park in Haryana. Nano city project is a Rs 5,000 crore city, a joint venture between the Haryana State Industrial and Infrastructure Development Corp. and Nano Works Developers Pvt. Ltd.