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Orris Infrastructure to invest Rs 150cr on commercial project

Press Trust of India  |  New Delhi 

Realty firm Orris Infrastructure today said it will invest Rs 150 crore to develop a commercial project in Gurgaon.

The company will develop 2.5 lakh sq ft of retail space and about 200 studio apartments in this 4-acre project 'Market City'.

"This will be our second commercial project. We have already delivered a 7 lakh sq ft office-cum-retail project in Gurgaon," Orris Infrastructure MD Amit Gupta said.

Asked about investment, he said the project cost is around Rs 150 crore including land over the next 4 years.

Gupta said the company is currently developing one housing and two township projects in Delhi-NCR.

The company, having a land bank of 1,500 acres, has tied up with two realty firms Lotus Greens and The 3C Company to develop two projects.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 18:57 IST