Real Estate Update

SMG plans projects worth Rs 3,000 crore

March 2010

Sunil Mantri Group (SMG) is planning to develop projects worth Rs 3,000 crore across 15 locations in India. It will launch 15 residential projects totalling 10,000 units in the mid segment and 10 mn sq ft of commercial projects. It has also taken up 10 residential redevelopment projects and is currently acquiring two township projects. The company plans to add 1,000 rooms by 2011 with 80 per cent project being under the three-star category in the hospitality vertical and is in the process of signing MoUs for six properties in the next four months.

Contact: Sunil Mantri Group. Tel: 022-2200 0500. Fax: 022- 2200 0044. E-mail: Website: