GB Realty plans to invest Rs 5,000 crore in North India
Chandigarh-based real estate developer GB Realty plans to invest Rs 5,000 crore in expanding its presence across North India over the next three years. The company is looking to expand its luxury residential portfolio while also entering new real estate segments.
The investment will be funded through a mix of internal accruals, customer collections, debt, and institutional or joint-venture capital, depending on the nature and scale of each project.
The developer has recently launched three projects. The first, located in Aerocity, Mohali, has a development potential of 2.5 million sq ft and is spread across nine acres. The second, Opus One in Eco City-2, has a development potential of 3.2 million sq ft and is being developed across 8.75 acres. The third project, located in Eco City-1, has a development potential of around 300,000 sq ft and is being developed across two acres.
GB Realty plans to scale its cumulative investment to around Rs 10,000 crore over the next five years.
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