Prime Property acquires two properties

Prime Property Development Corporation Ltd has announced that the Company has now acquired two properties on outright basis, one on S V Road, Goregoan West, and the other at Pimpri Chinchwad, Pune, on the Main Pune - Mumbai Road.

The Goregaon Project will be named "Prime Square" and will have approximately 35,000 sq. ft. saleable area of commercial shops and showrooms located on the busy S V Road. The project has the potential to also be a landmark commercial hub in the area.

The Pimpri-Chinchwad, Pune property will be developed into a Composite Mall Project with anchor shop, entertainment area, food court, multiplex and a hotel covering more than 400000 square foot saleable area. It will cater not only to the fast growing Pimpri - Chinchwad residential -cum- industrial belt, but also the high-fi IT park professionals in the nearby Hinjewadi area and the population on the Pune Mainland.

Source : Equity Bulls

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