By Accommodation Times Bureau
Tribeca and Logix Group today announced a partnership to develop multiple mixed-use projects in Noida. The first project will be 0.5 mn sq. ft. mixed-use development consisting of luxury retail branded serviced apartments and Grade A office spaces.
The land is owned by Logix and Tribeca shall lead the development of the project.
This is Tribeca’s second major project tie up in 2019 after a 1 Mn sq. ft. residential project in Gurgaon funded by HDFC Capital. Recently, Tribeca and HDFC Capital announced a Rs 500 crore platform to develop premium mid-income housing projects. Tribeca expects to double its development pipeline in FY’20.
Kalpesh Mehta, Founder of Tribeca said, “Excited to partner with Logix Group to strengthen our development portfolio in Delhi NCR.”
Anarock Capital is the advisor to this collaboration
Shakti Nath, Founder of Logix Group said, “This tie-up is in line with our strategy to collaborate with expert product developers for our marquee land parcels.”