Kolkata: Ruchi Realty Holdings Pvt Ltd, a venture of the city-based Ruchi group of industries, has embarked on a Rs450-crore real estate project for construction of 796 luxury apartments here.
Ruchi Realty Vice-President Shivam Asthana said today that the project would have the first sports-based residential condominium here and other unique facilities in six towers on 17 acre on the E M Bypass.
The project’s initial work had started and was expected to be completed by December, 2010.
The maximum price of an apartment has been priced at rupees one crore, he said.
Asthana said that other real estate projects undertaken by the company were integrated townships in Bhopal and Indore, besides residential apartments in Mumbai and business hotels in Bhubaneswar, Jamshedpur and Indore.
The Ruchi group’s activities include edible oil, soya products, dairy products, de-oiled cakes, steel, import-export infrastructure and Infotech.