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Residential Township at Bhopal

  • Writer: Aniruddh Jain
    Aniruddh Jain
  • Feb 26, 2023
  • 1 min read

Updated: Feb 13

CLIENT NAME M/S Ruchi Realth Holdings Pvt Ltd (RRHPL) ABOUT CLIENT Ruchi Realty Holdings Pvt ltd (RRHPL) is one of the Companies belonging to business groups of Madhya Pradesh known as the “Ruchi Group”. The group activities comprise multi product manufacturing activities viz. Soya foods processing, Refined Oils, Vanaspati, Dairy, Galvanized Sheets, Cold Rolled Sheets, Storage Tanks, Power Generation etc. It is actively engaged in Exports, trading of oilseeds, Edible Oils and International Trading activities in other agricultural commodities. A brief profile of the group is annexed herewith. As a planned strategic business policy and in light of the Government’s growing thrust on development of Infrastructure Projects the Group has forayed into the Housing Sector. Ruchi Realty Holdings Pvt ltd (RRHPL) is incorporated with the main objective to undertake the Real estate venture of the group.

Taking its first step forward, RRHPL has planned to develop a Residential Township at Bhopal (MP) for the MIG and HIG sections of the society. RRHPL has promoted an SPV in the name of BIPL for undertaking the said project. Ruchi Realty Holdings Private Limited (RRHPL), enters into programmatic joint venture with SUN-Apollo India Real Estate Fund LLC, a company incorporated in Mauritius, either acting through itself or through one or more companies incorporated in Mauritius or other jurisdictions (hereinafter collectively referred to as “SUN-Apollo”)

Bright star Infrastructure Private Ltd (BIPL), promoted by RRHPL will be the SPV incorporated for the Bhopal project. The SPV has placed 45% equity to Sun Apollo and 55% to RRHPL.


PROJECT LOCATION

Jatkhedi Village, Hoshangabad Road


CLIENT HQ LOCATION

Indore, Madhya Pradesh PROJECT COST

INR 35,60,09,87,000 / USD 47,55,22,383.35900 PROJECT SIZE 348030 Sqm

 
 
 

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