Bharti Realty to expand to NCR mulls JVs
Bharti Realty, the real estate arm of Bharti Enterprises, is looking to expand its presence in Delhi and Gurugram markets. It is reported to be in talks with land owners as well as other developers for joint ventures to build…

Bharti Realty, the real estate arm of Bharti Enterprises, is looking to expand its presence in Delhi and Gurugram markets.

It is reported to be in talks with land owners as well as other developers for joint ventures to build new projects worth over Rs 1,000 crore each, a top company official said.

Bharti Realty currently has around 15 completed projects, having nearly 5 million sq ft of fully leased Grade-A commercial space in Delhi-NCR and some other cities.

It has almost completed a 7 lakh sq ft office building at Gurugram and will soon start the leasing process.

“We are looking to add new projects in Delhi and Gurugram. We are being approached by land owners and other real estate developers for partnerships. We are actively considering it,” Bharti Realty MD and CEO S K Sayal told PTI.

To foray into the housing segment, Bharti Realty had in 2015 formed a JV with Eros group to develop a residential project at Surajkund in Haryana.

The company has got all regulatory approvals from the central as well as the state governments to start this project, comprising 2,300 units and around Rs 2,000 crore of investment, he said.

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