Vascon has signed the JDA with Landowner to develop a commercial project at Kharadi a well-established and growing market of Eastern Pune. This project will offer approximately 2.15 Lakhs square feet of development area and will be developed as a Retail and office premises.
Vascon has already developed more than 15 lakh square feet residential project in Kharadi, and this project will significantly strengthen Vasconâ€™s Commercial portfolio in Eastern Pune.
Commenting on this Siddharth Vasudevan, Managing Director, Vascon Engineers Ltd said, â€œI am happy that we are moving a step ahead with this towards our vision and focus for Real Estate business. This project will give us a commercial launch in East Pune after 5 years.
We have had our success in commercial projects in East Pune in Viman Nagar & Kalyani Nagar, now Kharadi will add on to the portfolio as well.â€
At around 3:01 PM, Vascon Engineers Ltd is currently trading at Rs31.90 per share up by Rs0.7 or 2.24% from its previous closing of Rs31.20 per share on the BSE.
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