Suncity to invest Rs 6,000 cr on realty projects
Real estate firm Suncity Projects plans to invest about Rs 6,000 crore over the next four years to construct various properties, including SEZ and townships, across the country.
The company has acquired 4,000 acres of land in different cities where it would be developing over 10 projects in all verticals such as housing, commercial, shopping mall, hotels, SEZs and townships.
We are expanding in a big way. We are coming up with many projects in different cities for which land has already been acquired with an investment of about Rs 3,000 crore, Suncity Projects Director Ashok Bansal told PTI.
We will invest about Rs 6,000 crore over the next four years on construction, he said. The investment will be funded through internal accruals and debt.
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