Videocon’s hotel project on hold and plans realty

Videocon Group, the Indian MNC consumer durable goods company, has put its hotel project on hold. The company now plans to enter the Ahmedabad real estate market with a residential cum commercial project on the prime location of Ashram Road.

The Videocon Group has already submitted plans to the Ahmedabad Municipal Corporation for approval.

There will be about flats homes and 40 offices on the plot size of 4,500 square meter. The company will set up a ground plus 11 storeyed building . Videocon is awaiting approval

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