Planet Smart City to raise 60 million euros from global investors
ROADS & HIGHWAYS

Planet Smart City to raise 60 million euros from global investors

Planet Smart City, a UK-based affordable housing developer, is looking to raise more than 60 million euros to help accelerate the company's business growth plans in key markets like India.

The fundraising aims at pushing the implementation of their business plan including the launch of about 54 smart projects in the span of the next three years which includes a total of about 40,000 housing units.

Planet Holdings is headquartered in London and operates businesses under the Planet Smart City brand and has already invested in an approximately 1.5 million sq ft real estate project which is being developed by the Kolte-Patil Developers in Kondhwa locality, Pune. It is making plans to co-develop over 15,000 housing units with the Kolte-Patil Developers in India in the metro cities such as Mumbai, Pune, and Bengaluru.

Planet Smart City Co-founder and Global CEO, Giovanni Savio said the design of new large-scale residential real estate development projects is characterised by a multidisciplinary approach including digitalisation of services, technological innovation, and promotion of sociality. They integrate the concepts in an innovative as well as scalable offer for the purpose of affordable housing.

Currently, the companies are developing their first project in the Hinjewadi locality, Pune- Universe at the Life Republic. The company has over 20 smart solutions planned for the Pune township project in India and aims for further expansion of the association.

Image Source

Also read: Kolte-Patil Developers profit declines 76% to Rs 5.37 cr in Q3 FY22

Planet Smart City, a UK-based affordable housing developer, is looking to raise more than 60 million euros to help accelerate the company's business growth plans in key markets like India. The fundraising aims at pushing the implementation of their business plan including the launch of about 54 smart projects in the span of the next three years which includes a total of about 40,000 housing units. Planet Holdings is headquartered in London and operates businesses under the Planet Smart City brand and has already invested in an approximately 1.5 million sq ft real estate project which is being developed by the Kolte-Patil Developers in Kondhwa locality, Pune. It is making plans to co-develop over 15,000 housing units with the Kolte-Patil Developers in India in the metro cities such as Mumbai, Pune, and Bengaluru. Planet Smart City Co-founder and Global CEO, Giovanni Savio said the design of new large-scale residential real estate development projects is characterised by a multidisciplinary approach including digitalisation of services, technological innovation, and promotion of sociality. They integrate the concepts in an innovative as well as scalable offer for the purpose of affordable housing. Currently, the companies are developing their first project in the Hinjewadi locality, Pune- Universe at the Life Republic. The company has over 20 smart solutions planned for the Pune township project in India and aims for further expansion of the association. Image Source Also read: Kolte-Patil Developers profit declines 76% to Rs 5.37 cr in Q3 FY22

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?