News
GBP plans multiple projects in Punjab
Tricity’s developer GBP Group has plans to deliver 20 lakh sq ft residential and 10 lakh sq ft commercial projects by 2022. The total investment in all the projects would be around Rs 1,600 crore, said a press release.
The Group, it said, has a futuristic project in the commercial segment called Centrum that will become Tricity’s third-largest commercial space. Slated for completion by December 2022, it offers a wide range of inventory in retail shops, multiplex, Soho, Office spaces, studio, hotels, banquet halls and food courts.
The Group has also ventured into providing residential plots at GBP Smart City in Mohali. The cost of this project is Rs 100 crore and it will be funded through promoter funding and bank loan. The plots, said the release, are close to Airport Chowk, the epicentre of bustling activities
Overall, the Group is planning to launch five new projects this year, two commercial and three residential, in areas like Peer Muchalla, Airport Road, New Chandigarh, Derabassi, and Mohali Extension.
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