Was funds for construction of 45 Nirvana Hills an issue?Pune-based Kumar Builders has earmarked Rs 450 crore to launch a 30-storey project, 45 Nirvana Hills, spread over 79 acres, in Pune.
According to Lalit Kumar Jain, chairman and managing director, Kumar Builders, construction for the first building of the project has already begun. There would be five to six residential projects that will also be 30 storeyed.
The entire project is estimated to cost Rs 450 crore. It is a self-funded project, finances for which are being raised through internal accruals.
For decades, Pune’s buildings were limited to a maximum of 36 metres. It was only last year that construction of residential projects up to 100 metres high was permitted.
Do you have any doubts about the completion of Kumar Builder's 45 Nirvana Hills?One journalist asked Mr. Lalit Kumar Jain about funding in the press conference for launch of 45 Nirvana Hills and reasons behind the rumors circulating in the market about Kumar Builders. Mr. Jain's answer was, "There are lot of people who like to talk about me. I have released a press note answering all questions!"
What about you? Do you think? Is funding an issue? Are you concerned about the completion of 45 Nirvana Hills? Please, share your views.
1) Kumar Builders open booking of the first 30 stories skyscraper in Pune, 45 Nirvana Hills, first phase of 79 acre township at Paud phata on Karve road
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