Assotech Realty Signs Joint Development Agreement in Ahmedabad with Pacific Developers

Assotech Realty Signs Joint Development Agreement in Ahmedabad with Pacific Developers

Assotech Realty Eyes Sri Lanka and Maldives Markets, Plans Mixed-Use Project in Ahmedabad. Assotech Realty, a Delhi-based builder, has announced a strategic expansion plan with a focus on three key areas. Assotech Realty Signs Joint Development Agreement in Ahmedabad with Pacific Developers to develop a mixed-use project in Ahmedabad, it will invest approx 350 cr for the project.

• Ahmedabad Project:
  • Assotech Realty plans to invest Rs 350 crore in a mixed-use project in Ahmedabad.
  • The project will be developed in partnership with local player Pacific Developers.
  • Details suggest a combination of a hotel and a commercial complex.
  • A joint development agreement is expected to be signed soon.

The company is exploring entry into the Sri Lanka and Maldives market for residential projects.

This news highlights Assotech Realty’s multi-pronged growth strategy:

• Expanding their presence beyond Delhi with a project in Ahmedabad.
• Entering new international markets with high growth potential in Sri Lanka and the Maldives.

This move suggests Assotech Realty’s confidence in the Indian and international real estate markets.

 

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