Synopsis To begin with, the company will be investing around Rs 750 crore to develop two projects it has acquired including a mixed-use and a residential redevelopment project in the city's western suburb of Andheri and central suburb Ghatkopar. Ahmedabad-based realty developer Savvy Group has forayed into the Mumbai property market and is planning to invest over Rs 2,000 crore to acquire and develop projects in the country’s biggest and most expensive real estate market in the next few years. To begin with, the company will be investing around Rs 750 crore to develop two projects it has acquired including a mixed-use and a residential redevelopment project in the city's western suburb of Andheri and central suburb Ghatkopar . The company has acquired a land parcel spread over an acre on Parsi Panchayat Road in Andheri (East) and has also inked an agreement to redevelop a large housing society, Sindhu Baug Society, spread over nearly 1.5 acres in Ghatkopar. Besides, the company is also in talks to acquire more greenfield and redevelopment projects in Mumbai through both joint developments and on an outright basis. "After nearly three decades in the real estate market, we are making a humble beginning in… Read full this story
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