Bhartiya Urban, Alpine to invest over ₹1,000 crore in Bengaluru project
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bhartiya Urban and Alpine will invest over ₹1,000 crore in a new Bengaluru project called Nikoo Homes 9.
- ✓The company said on Thursday that the development spans 13 acres in North Bengaluru.
- ✓It will feature 1,584 units, including studios and lofts, alongside a large retail and commercial centre for residents.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Bhartiya Urban, the Bengaluru-based real estate arm of Bhartiya Group, has launched its latest project, Nikoo Homes 9, in a joint venture with Alpine, with plans to invest more than ₹1,000 crore, the company said in a press release on Thursday.
Located in North Bengaluru, the development is being built on 13 acres of freehold land and will comprise 1,584 units across two phases, the company said.
"As North Bengaluru continues to evolve into one of the city's most important growth corridors, we see increasing demand for communities that combine homes, wellness, recreation, retail and nature within a single ecosystem. Nikoo Homes 9 has been designed to respond to that shift in consumer expectations," Rajan Aggarwal, chief finance and growth officer at Bhartiya Urban, said.
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