Monday, May 25, 2009

AKRUTI CITY ANNOUNCES 900 CRORE INVESTMENT IN CITY

Nilanjana Ghosh Choudhury

DNA (Pune edition)

Mumbai-based Akruti City Ltd on Thursday announced that the company would invest Rs 900 crore in different commercial, residential and IT park projects in Pune.

Akruti City Ltd business unit (sales) chief Mayur Shah said that its proximity to Mumbai and being an integral part of the knowledge corridor, Pune was a vibrant place to be in. "Akruti's unique design elements and its eye for detail has found wide acceptance among the discerning people of Pune," he said.

In the residential category, one of their first projects in the city was 'Akruti Countrywoods', which was launched in April this year. Located on Katraj- Kondhwa link road, this is a township project spread over 60 acres.

"Our next project is Akruti Chambers near Swargate. The work on the project has begun in June 2008. It is equipped with all the modern amenities. The next in line is Akruti Sankul, on Tilak Road, the work on which commenced in February last year. With a mechanized car parking, it has shops, office spaces and residential apartments with a total saleable area of 19,304 sq ft. The second phase of the Hinjewadi IT park will be ready by 2011.

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