Mantry reality to invest Rs 100 cr in Kolhapur

Mumbai, Sep 7 (UNI) Mantry Realty, a real estate developer under the flagship Mantri Group, will pump in Rs 100 crore for a multi-project development plan, including an IT park in Kolhapur.

Under this plan, the group will invest Rs 80 crore to develop an ultra-modern mall and a township project in Kolhapur. The rest Rs 20 crore will be invested by the group to set up an IT Park on an area of one lakh square feet, the group said in a statement here today.

The group is also taking over the IT Park, with a 1000-seat capacity to be constructed by Maharashtra Industrial Development Corporation (MIDC) within a time frame of one year, the statement added.

UNI