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Fire Arcor to develop 6,400 houses at Nagpur

Monday, 15 Jun 2009
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Fire Arcor Infrastructure, the realty company, plans to construct 6,400 housing units at an outlay of $250 million (approx Rs 1,190 crore). The units are to come up at an integrated township named 'The Emyrean' in Nagpur, Maharashtra in a span of five years.

Fire Arcor Infrastructure, a JV between Fire Capital and Arcor Group will develop affordable housing, villas and plots in the proposed township, where Fire Capital has a 75 per cent stake.

The project is to be developed in two phases, includes 400 units in Phase I which will be completed within the next 18 months. The remaining 6,000 units will be finished later.

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