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SBP Group to pump Rs 730 cr for projects in Himachal Pradesh

Monday, 09 Sep 2019
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Punjab-based realty firm SBP Group has inked agreements with the government of Himachal Pradesh for making an investment of Rs 730 crore for developing housing and commercial projects.

The MoUs were signed during the Investors' Meet held recently in Chandigarh. 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 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.

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