KBC Global commences construction work of residential project in Nashik

18 Feb 2022 , 03:45 PM

KBC Global Limited (KGL), a leading player in the affordable and mid-income housing segment in its home turf Nashik, Maharashtra, announced on Friday the commencement of construction work of a residential project in Nashik.

Naresh Karda, Chairman & Managing Director of KBC Global Limited said, “We are really pleased to announce the commencement of construction work of 1,72,500 Sq. ft at Hari Laxmi Phase I, Il & Ill located at Mahalaxmi Road, Deolali, Nashik-422101.

This Project would help us to build 180 residential units and we are expecting to generate Rs600 million from this project. The project will be completed in phased manner i.e. Hari Laxmi, to be completed by 30/12/2023, Hari Laxmi II by 30/12/2024 & Hari Laxmi III by 30/12/2025. All three phases of the project are registered with MahaRera.”

KBC Global Limited stock trade on Friday ended at Rs16.30 per piece down Rs0.10 or 0.61% on the BSE.