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Vaishnavi Group to augment commercial portfolio

Thursday, 12 Sep 2019
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Vaishnavi Group is looking to double its commercial portfolio either through land acquisition or development management agreement.

The company currently has 10 million sq ft of commercial and residential projects under various stages of development. It intends to deploy about Rs 3,500 crore over the next five years.

The Group is looking at a balanced portfolio between commercial and residential projects with main focus on the Bengaluru market. The company has recently acquired 24,000 sq ft commercial property in the central business district from Mumbai-based New Consolidated Construction Company (NCCCL).

Vaishnavi Group has inked a joint development on 18 acre land parcel in Hebbal, Bengaluru in Karnataka, to set up commercial and residential properties.

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