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Construction : Web Exclusive | June 2013 | Source : Construction Update

CHD to invest Rs 150 cr on its Gurgoan commercial project

To develop a commercial project in Gurgaon realty firm CHD Developers will invest about Rs 150 crore, the company said on June 18. The company has recently acquired about 2 acres land on Dwarka Expressway for Rs 25 crore to develop the commercial project 'CHD Sky One' comprising one lakh sq ft area. The company has already got all the approvals to develop this land, it added.

CHD Developers will also shift its corporate office in this commercial tower, company's Chief Operating Officer (COO) Ravi Saund said. The total commercial space available in the tower is 1 lakh sq ft. Out of this 30,000 sq ft will be dedicated to CHD Group offices and the 70,000 sq ft would be leased to others, he said in statement.

CHD has roped in Pei Cobb Freed and Partners Architects LLP, which designed the Bank of China, for this project. The company plans to tie-up with a leading International University for learning centre in this project. The centre will offer short term courses, executive and distance learning programmes, the statement said.

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