Real estate firm CHD Developers plans to invest about Rs2,500 crore in developing various properties, including residential townships for senior citizens, across north India over the next five years.
We have identified a number of projects in many northern states, which will be developed in the next five years. For these projects, we have earmarked an investment of about Rs2,500 crore, CHD Developers chairman and managing director R K Mittal told PTI.
The city-based company is pumping in Rs1,700 crore to develop about 7,000 residential units, named Active Senior Lifestyle Township´, where only people above 60 years of age would be allowed to own property.
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