Construction Industry News
BK Modi Group plans to invest approximately $1 billion in real estate and wellness space over the next five years. The group will also entice foreign investors for the proposed projects. The group is already building a commercial real estate project in Mumbai in partnership with a developer and now has plans to expand this business. Based on the concept of private smart city, a mixed-use project will be developed in Rampur, Uttar Pradesh. It already has a plot of land for this project where it will build housing, a shopping mall, a hospital and office space.
The group will also set up production units for the production of AAC blocks and panels, prefabricated steel structures and glass processing units as it aims to reduce the time it takes to complete the project by using the latest global technologies. The New Delhi project is proposed to be developed as a wellness city with medical office buildings, residences, serviced apartments, rehabilitation center, quaternary care hospital and senior care facilities.
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