CHD Developers To Come Up With New Housing Projects

Published: July 29, 2008 at 4:05 PM | Author: Vishal
News Source: The Hindu Business Line

Share

CHD Developers Ltd is planning to invest Rs 1,400 crore in the next five years to set up housing projects across the northern region. "We have lined up an investment of Rs 1,400-crore on developing various real estate projects which would take five years to complete", said Chief Financial Officer, CHD Developers, Mr. Vishal Rajpal. The company is coming up with four lifestyle housing projects for retired persons in Karnal, Rishikesh, Mathura and Neemrana (in Rajasthan). "We have proposed to inject Rs 1,200 crore in this project and we intend to float a special purpose vehicle for it in which some other companies may also acquire stake for funding purposes", he said.