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Kanika Infracon LLP, a well-known Indian real estate company, wants to build a new residential and commercial building in Baner, Pune, Maharashtra. The project is called The Balmoral Hillside, and it will cover 2 acres. The total cost of the project is 350 Crores. Kanika Infracon LLP has already bought land for the project site and is now in the process of getting the necessary permissions. The project is still in the planning stage.
The company plans to begin building the project in early 2024 and finish it by the end of 2026. The Balmoral Hillside will have a variety of homes and businesses, such as apartments, penthouses, and retail areas. The apartments will have a lot of space and be well-equipped with modern features and services. The commercial spaces will be great for many types of companies, like shops, cafes, and restaurants.
The project is in the middle of Baner, which is one of the best places in Pune to live and do business. It's easy to get to all the important parts of the city, and it's close to many useful places, like schools, hospitals, and shopping stores. Impact of the project The Balmoral Hillside is expected to have a positive impact on the Pune real estate market. It will provide much-needed housing and commercial space in a prime location. The project is also expected to create jobs and boost the local economy. Additionally, the project is expected to benefit Kanika Infracon LLP by helping it to expand its portfolio and increase its market share. Challenges The project faces a few challenges, such as obtaining the necessary approvals and ensuring the smooth construction and commissioning of the project. However, Kanika Infracon LLP is confident that it will be able to overcome these challenges and complete the project on time and within budget.
As of September 2023, The project is now in the stage of construction being started the work on the project will be finished in 2024, 2025 or 2026 It has been decided to hire a local contractor.
News by Rahul Yeligetti
