Mumbai-based Kalpataru Ltd plans to foray into Nagpur real estate market, may launch a plotted development project
Hindustan TimesMumbai-based Kalpataru Ltd, which filed its draft prospectus last month with market regulator SEBI to launch its initial public offering for raising up to ₹1,590 crore, plans to foray into the Nagpur real estate market. The company is expected to launch a plotted development project spread across 37 acres, market sources told HT.com Mumbai-based Kalpataru Ltd, which filed its draft prospectus last month with market regulator SEBI to launch its initial public offering for raising up to ₹ 1,590 crore, plans to foray into the Nagpur real estate market. The plotted development project by Kalpataru is likely to be launched at Samruddhi Circle, the starting point of 700 km long Mumbai-Nagpur Samruddhi Expressway in Nagpur, said market sources. According to Maharashtra Real Estate Regulatory Authority data, the launches of plotted development projects in Nagpur district have doubled post Covid-19 pandemic.
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