Moneycontrol
Get App
Last Updated : | Source: PTI

Realty firm SBP to invest Rs 730 crore for projects in Himachal Pradesh

SBP Group has signed memorandums of understanding (MoUs) with the Himachal Pradesh government to invest Rs 730 crore in the Himalayan state, the realty firm said in a statement.

Representative image
Representative image

Punjab-based realty firm SBP Group has signed agreements with the Himachal Pradesh government to invest Rs 730 crore for developing housing and commercial projects in the hilly state.

SBP Group has signed memorandums of understanding (MoUs) with the Himachal Pradesh government to invest Rs 730 crore in the Himalayan state, the realty firm said in a statement.

The MoUs were signed during the investors' meet held recently in Chandigarh, it added.

Close

As per the MoUs, SBP Group will invest Rs 630 crore for building residential projects in Mandi, Solan and Shimla and another Rs 100 crore for a resort/hotel with 120 rooms in Shimla, the statement said.

SBP Group MD Aman Singla and VP Raman Singla said the company is expanding its presence in Himachal Pradesh after establishing a strong customer base with multiple projects in Punjab.

SBP Group has delivered around 12 residential projects across Punjab and is currently developing many more.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 7, 2019 12:44 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant