A consortium led by Hindustan Construction
Company has proposed to set up a hill station at Lavsa near Pune.
Janpath Investments, Venkateshwara Hatcheries and three other
builders are part of the company.
While HCC has a 37.5 per cent stake, the other
five promoters would have a 12.5 per cent stake each in the company.
The project expected to be completed in next 10
years would entail an investment of Rs.10,000 crore. Work on the project has
already begun.