The Hindu Business Line : Kumar Builders keen to enter more metros

THE city-based Kumar Builders are set to cater to their clients across the country and as a start, they have already begun work on a shopping arcade in Dadar in Mumbai.

Five more projects are being taken up in Mumbai and plans are to move on to Bangalore and Hyderabad soon.

Talking to Business Line, Mr Lalit Kumar Jain, Chairman, Kumar Builders, said that out of the total six projects that have been identified, three would be for residential and the rest commercial.

These projects would begin in a phase-wise manner with its second project scheduled to begin its construction by July this year in Byculla in Mumbai. The areas that have been identified are Bandra, Worli and Byculla, all residential and Powai and two others in Dadar for commercial.

Giving details about the Dadar project, he said this project is coming up in the locations of the famed Himata theatre, which was pulled down for the construction of a Fun N Food mall.

This is a Rs 25 crore-project of about 30,000 sq ft and would be completed by March 2005.

Talks with retailers would begin by the end of the current calendar year and he said, ``the space definitions have been clearly marked out and we know whom we would like to have their presence,''.

Mr Kumar said the company was in the process of acquiring land in Hyderabad and Bangalore and construction would begin by March 2006.

To attract the software clients, the company is proposing to showcase its first IT park, Cerebrum, which is under construction in Pune and is likely to be completed by this December.

About three software companies have evinced interest in setting up shop in Cerebrum and the first phase area is about 4 lakh sq ft.

He said that both the project, Hyderabad and Bangalore, would be spread over 10 acres of land and would be a targeted at a mix of residential and commercial users.

Looking at the Pune construction, Mr Kumar said it was offering the bungalow-on-bungalow concept for the first time in the city.

This is a Rs 25-crore project named Buena Vista and is a four-bedroom duplex apartment with an open garden terrace.

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