Emami Group in partnership with Sheth Corp; invests Rs 350 crore
1. Emami Group has invested Rs 350 crore in 'Montana' project in Mumbai and has 50% partnership with Sheth Corp
2. 'Montana' project is spread over seven acres in Mulund and is located on the arterial LBS Road which is well-connected to Mumbai and its adjoining suburbs
3. The two realty firms have partnered with international architect James Law and interior design firm HBA Singapore for the 'Montana' project
Realty firm Emami Group on Wednesday announced joint partnership with real estate company Sheth Corp for launch of ultra luxury project named 'Montana' in Mulund suburb of Mumbai.
Emami Group has invested Rs 350 crore in 'Montana' project to have 50% partnership with Sheth Corp.
The latest project by two real estate companies is spread over seven acres in Mulund and is located on the arterial LBS Road which is well-connected to Mumbai and other suburbs.
Commenting on its latest investment, Emami Group's joint chairman R S Agarwal, said in a press release," 'Montana' is our third project with Sheth Corp...With opportunities galore, Mulund is quickly becoming a luxury hub for residential properties. We along with Sheth Corp, had augured this project in 2015, and today we are finally launching our flagship development in Mulund christened as 'Montana'."
Moreover, the two realty firms have partnered with international architect James Law and interior design firm HBA Singapore for the 'Montana' 'project. TROP an architectural design studio from Bangkok in Thailand is the designer of the 'Montana' project.
“We are delighted to announce the launch of 'Montana' – a project by Sheth and Emami where we hope to capture the aspirations of our customers. We are already present in Mulund with our project Vasant Oscar and Vasant Garden which is a testimony to the kind of work we deliver to our customers. Given our exceptional performance in Mulund, we are confident that we will be successful in delivering a landmark project and set a benchmark of luxurious living here," Sheth Corp chairman and managing director Ashwin Sheth, said in a statement.
With this project, our association with our proud partners Emami Group, James Law, HBA Singapore and TROP will be stronger and long-lasting, Sheth added.
Sheth Corp is the real estate developer with presence in the luxury and mid-housing segment in India and globally, while Emami Group is a real estate company with presence in residential and commercial projects in Eastern India.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.