Construction Industry News
TDI Infratech has decided to spend Rs 600 crore in Punjab as part of its development ambitions over the next two to three years.
It has set aside Rs 150 crore for the Parkstreet on the PR-7 project, which would be located in Sector 118 of TDI City, Mohali, close to the International Airport Road.
Parkstreet will be a high-street concept with pre-lease showrooms, food court, cinema, rooftop bar and all other world-class facilities that appeal to the young, ambitious consumers of the region, covering an area of approximately 1.3 lakh sq ft.
TDI's South Ex-II commercial project, which would include built-up SCOs and SCO plots, will receive an additional Rs 200 crore. An anchor shop would be included in the project, as well as a huge hotel grounds.
South Ex-II occupies an area of nearly lakh sq ft and is located in sector 117 of TDI Smart City, Airport Road, Mohali. This project will also be ready for occupancy in April 2023.
Both upcoming projects are RERA registered and have all other required regulatory approvals.
Apart from that, TDI Infratech has finalized plans to spend Rs 250 crore on three different Punjab projects.
The three developments, totaling 8.37 acres, are proposed for the PR-7 International Airport Road Sector 118 TDI Smart City. Another 5.02 hectare project is planned for Madhya Marg in Sector 118 TDI Smart City, with a 1.92 hectare project planned for PR-6 in Sector 117 TDI Smart City.
He shared that there are also rumors that NRA investments are returning to the industry, which they believe we can use in their world-class projects.
Taneja revealed that with the election of a new government in the state, they are optimistic that the business environment will improve even further.
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