- An alliance was formed between Shivlik and Adani to build flats and penthouses
- The project will build 5 residential towers in Shantigram at 7 lakh square feet
Adani Realty, an Adani Group real estate company, has partnered with real estate developers Shivalik Group for a new luxurious residential project at Adani Shantigram, developed near Vaishnav Devi Circle connecting Ahmedabad and Gandhinagar. This is the first time that Adani Group has joined hands with a builder outside the group for the development of Shantigram.
The two companies jointly raised Rs.
Talking to Divya Bhaskar, Shivalik Group Managing Director Taral Shah said that the two companies have jointly invested about Rs 300 crore in the joint venture project. Will invest Rs 300 crore. Under the agreement, five towers will be developed in Shantigram at 7 lakh square feet with 256 flats and penthouses. Work on this ambitious project is expected to begin in January 2022.
Corporate buyers will find large amounts of
liquid, Shah said, santigrama strategically located along the Sarkhej-Gandhinagar Highway We’re seeing enormous opportunities. The area is home to the corporate headquarters of several large companies, including Zydus Cadila and the Adani Group. We are confident that Joint Venture Residential Towers will receive a very good response from buyers.
Strategic locations will benefit
the Adani Realty Sunil Sharma said, We are happy to invite santigramamam Shivalik Group. Shantigram will add value to the development of SG Highway and other infrastructure projects when it is located close to important places including Ahmedabad Airport and SP Ring Road in addition to excellent connectivity options with both the cities. The joint venture with Shivalik Group will achieve a prominent position in housing development in Ahmedabad.