By Pallavii Pitale
The Cable Corporation of India, CCI, with it’s associate company, Cable Corporation India Projects ( CCIP ) has now entered in real estate market by launching it’s first project in Mumbai.
Rivali Park, as the project has been named, shall be developed near Sanjay Gandhi National Park, Borivali ,on a 22 acre plot of CCI’s erstwhile factory, which has recently been relocated to Nasik where the company has various other units.
The western suburbs of Mumbai are the hottest property destinations where most of the developers are willing to develop properties.
This luxurious project comprises of Residential and Commercial complexes, Entertainment centres along with Retail and Hospitality segments. The project shall be developed in phases within five to seven years out of which the first phase has started with the Residential complexes and shall be completed within a two to three years. This segment shall have luxurious 2-3 BHK apartments costing between 70 lakhs upto 1 crore. The project has an investment plan of Rs. 1000 crore and CCI is expecting to fetch about 2500-3000 crores from this project.