Moneycontrol
Last Updated : Jan 16, 2018 03:49 PM IST | Source: CNBC-TV18

Mohota Industries enters into JV to develop affordable housing project worth Rs 160cr

Mohota Industries in focus as the company forms a joint venture (JV) for affordable housing project worth Rs 160 crore. In an interview to CNBC-TV18, Kanishka Gaggar, VP-Finance of the company spoke at length about the JV.

CNBC TV18 @moneycontrolcom

Mohota Industries (formerly known as Rai Saheb Rekhchand Mohota Spinning & Weaving Mills) is in focus as the company forms a joint venture (JV) for affordable housing project worth Rs 160 crore. In an interview to CNBC-TV18, Kanishka Gaggar, VP-Finance of the company spoke at length about the JV.

Gaggar said that the project will begin around April-May 2018 and will be finished over 24 months.

He further said that we are contributing only through the land; operationally we will not be involved in the project. The entire development, construction, marketing would be taken care by our JV partner.

Total development is spread around 4.5 lakh square feet, he added.

Watch accompanying video for more details.
First Published on Jan 16, 2018 03:49 pm

tags #Business

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