Akruti Nirman to invest 15 bln rupees in Pune
MUMBAI (Reuters) - Mumbai-based real estate developer Akruti Nirman Ltd said on Thursday it plans to invest 15 billion rupees to expand operations in Pune.
Akruti said it had acquired 150 acres in the city and planned to develop 12 million square feet over the next three years. This would include residential and commercial complexes, hotels and special economic zones, it said in a statement.
Ahead of the announcement, Akruti shares ended 1 percent higher at 995.65 rupees, in a strong Mumbai market.
© Thomson Reuters 2009 All rights reserved
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
