Diversified conglomerate Kanakia Group plans to invest more than Rs 500 crore over the next two years for developing residential and hotel properties, a top company official said.
“Our focus in the coming years will be on developing hotel and residential properties. We plan to invest more than Rs 500 crore over the next two years, which will be utilised for buying land parcel and construction,” company’s Chairman Rasesh Kanakia said.
With a portfolio of over 13 million sqft across categories including residential, commercial and hospitality, the company currently has 13 lakh sqft of area under development in the residential space and 15 lakh sqft in the commercial segment.
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