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Essar Group real estate company Equinox Realty will invest about Rs 600 crore on construction of its first housing project in Bangalore. The company has appointed construction major L&T to build its housing project ‘Water's Edge' spread over 8 acres.
“This will be our first residential project. We will develop about 400 flats in this project. The starting price in the initial phase would be Rs 1.5 crore,” Equinox Realty Chief Executive Officer, Mr Cherag Ramakrishnan, told PTI.
“We have appointed L&T for construction of this project with a total built-up area of about 2 million square feet,” he said.
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