Pricol tie-up with Vascon for 600 Cr project !
City-based Pricol Property Developers (PPDL) has tied up with Pune-based Vascon Engineers (VAL) to launch first of its kind residential cum commercial project in Coimbatore. The joint venture company Vascon Pricol Infrastructure (VPIL) would develop an integrated township on a 30-acre plot at Neelambur at an investment of Rs 500-600 crore. The project would be carried out in a phased manner and is likely to be completed in three to four years.
The project would have exclusive villas and premium apartments besides space devoted for IT companies. It will also have a shopping mall, a motel-cum-club, school, serviced apartments and a medicare centre. Addressing a press conference, Vikram Mohan, director, PPDL, said that the entire design and development will be handled by Vascon who have already set up high-end commercial and residential projects in Pune and Mumbai.
