Thursday, April 3, 2008

Akruti City, Mumbai real estate developer, plans to launch residential and commercial projects in the Middle East later this year - Reuters

The Mumbai-based developer, Akruti City, also plans to expand its domestic portfolio to other states in western and central India including Gujarat, Karnataka, Rajasthan and Madhya Pradesh.

Akruti City Limited:

Akruti City Limited (formerly known as Akruti Nirman Limited) is a leading real estate developer in Mumbai city. The company is deeply committed to the city and is involved in many projects that will fundamentally change the face of the city and the lives of its citizens. Akruti’s commitment is often called the “3C’s”. A commitment to the city, to its customers and to citizens. The numerous Slum Redevelopment Projects that the company has undertaken best exemplify this commitment.


Akruti is a dynamic construction and real estate group involved in the development, sale and lease of commercial, residential, retail, and industrial property.

The company is promoted by Mr. Hemant Shah – the Chairman, and a Civil Engineer; and Mr. Vimal Shah, the Managing Director and a Chartered Account.

Ongoing Akruti Projects:

1. Retail: Akruti SMC, Thane West.

2. Commercial & IT: 1. Akruti Topaz, Bandra(E), Mumbai 2. DLF Akruti Infotech Park, Pune 3. IRIS, Andheri(E),Mumbai

3. Residential: 1. Akruti Erica, Vile Parle(E), Mumbai 2. Akruti Elegance, Mulund(E), Mumbai 3. Akruti Orchid Park, Andheri(E), Mumbai

Related Stories:

1. Akruti City ventures into Pune: The construction and real estate group will build residential and commercial complexes, hotels and IT parks in Pune. The company is investing more than Rs 1,500 crore towards expansion into Pune which is emerging as a premier hub for knowledge workers and IT professionals from all over the world.

2. Akruti City bags two awards at Artists In Concrete Awards 2007: Akruti City Ltd has announced that the Company has bagged two awards at the high-profile Artists In Concrete Awards 2007. The Company was nominated in two categories; residential and commercial projects. The Company's prestigious project รข€” Akruti Erica won under the residential projects category and its Akruti Centre Point won under the commercial projects category.

Both the projects were evaluated on the basis of absolute quality, space planning, amenities, aesthetic excellence, natural resources utilization and safe zone.