Arvind to form a joint venture to develop a large

India Infoline News Service | Mumbai | June 28, 2010 00:00 IST

Arvind to form a joint venture to develop a large

Arvind to form a joint venture to develop a large residential project Wtih B. Safal group Arvind has announced its plans to form a 50:50 joint venture (JV) with B. Safal group. The JV will develop about 1 million sq feet of residential complex in 1/3rd of the area of Ashoka Cotsyn, a division of Arvind situated at Khokhra, Ahmedabad. When fully developed, the project will be worth Rs. 225 crore.The company made this announcement during the trading hours today, 28 June 2010.