Indo Global Soft Solutions and Technologies is part of realty
firm Radius group
NEW DELHI: DB Realty Ltd
on Monday said its subsidiary firm has entered into an agreement with a Radius
group's firm to develop a housing project in Mumbai.
DB Realty's arm Neelkamal
Realtors Tower has entered into a development management agreement with
Indo Global Soft Solutions and Technologies Pvt Ltd for the development of its
Orchid Height project on over 19,000 sq meter land parcel, the Mumbai-based
developer said in a regulatory filing.
Indo Global Soft Solutions and
Technologies is part of realty firm Radius group.
As per the agreement, Indo
will arrange the entire funding required for the project and will be jointly
responsible to construct, develop and market the housing project with
construction area of 3.2 million sq ft.
Indo Global has provided the initial funding requirement for fast
completion of the project.
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