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India: Essar’s realty arm to invest in residential projects

Posted on 12 May 2011

Equinox Realty, the property development arm of Essar group, plans to invest around Rs 4,000 crore to develop residential units across the country, said a senior executive of the company.
Equinox plans to launch 1.4 million sq ft residential project in Bangalore in the last quarter of calender year 2011 and a one-million housing project in Thane near Mumbai in the next one year. The company also plans to develop an information technology park in Bangalore and a mixed -use project in Nagpur in Maharashtra, the executive said……………………………………….Full Article: Source

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