Actor-turned-producer Ajay Devgan has now ventured into real estate and plans to develop a residential and commercial complex in the metropolis. Devgan has allied with the Roha Group , which has been in the sector for the last seven years, for its expertise in the segment. “I am a regular investor in this space. I felt there is a huge scope for coming up with branded products and was waiting for the right associates. Roha Infrastructure (a group company) brings in seven-years of experience in realty sector and so the alliance came into place,” Devagn told reporters on the sidelines of a real estate event here.
The company, Ajay Devgan Infrastructure (ADi), will be developing two projects — one residential and other commercial under the brand of ADi in Mumbai. The residential complex — ADi West Coast — would come up at Versova while the commercial building — ADi EGO — will be constructed at Vile Parle (East) on the Western Express Highway.
While the residential complex is spread across 60,000- 70,000 square feet of area, the commercial complex would be set up over 20,000 square feet, a company source said.
ADi West Coast will have a ground, five podiums and 12 floors. “The residential complex will cater to the luxury segment. Each floor will have only one flat of around 5,000 square feet,” he said, adding that the flats would be sold only by invitation.
Source : www.indianrealtynews.com
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