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| AMR Infra |
“We will invest not far off from Rs 1,100 crore by 2014 to develop selected projects. These are located across diverse states and are at present by the side of diverse stages of development,” AMR Infrastructure Director, Mr Kapil Agarwal thought.
He thought the company will deposit the investment through interior accruals and revenues imminent from customers’ bookings.
The company is by the side of give to on the increase a 25—acre IT SEZ — Manthan, allotment on 24 lakh genuine feet of built—up area in Greater Noida.
“We maintain already constructed single tower in the project. The total project will be complete by 2012 with a calculate estimated investment of Rs 600 crore,” Agarwal thought, accumulation it is being jointly residential by set safe — R C Infosystems.
Besides single more advertisement tower, the project will besides maintain two residential towers housing 600 studio apartments.
“Manthan will maintain 70 apiece cent company hole, 15 apiece cent residential units and 15 apiece cent advertisement area,” he added.
Mr Agarwal thought the company is expecting gross sales of not far off from Rs 1,200 crore on the subsequently five years. Besides, the company is besides on the increase a advertisement composite, comprising a four—star lodge and a shopping shopping mall, by the side of Kundli in Haryana.
“We maintain attached up with Carlson set in place of running the property under the Park Inn brand. We will invest Rs 150 crore on the project plow the lodge is operational,” Mr Agarwal thought, accumulation, the 110-room lodge will be operational by first 2012.
AMR Infrastructure has besides purchased five acres of soil by the side of Ujjain in Madhya Pradesh in place of on the increase a shopping shopping mall.
“We will invest Rs 150 crore in place of on the increase two lakh genuine feet of area by 2014. The construction of the project will start from subsequently time,” he thought.
The company has besides acquired 300 acres of soil by the side of Panchpahar close to Jaipur to develop a resort.
“We are chatting to selected resort players to link up in place of management of the property, but nothing has been finalised yet,” Mr Agarwal thought.
When asked not far off from the promising investment in the project, he thought the project is likely to cost Rs 200 crore by 2014. - PTI