KUL to invest Rs 250 crore to set up shopping complexes in Pune

KUL to invest Rs 250 crore to set up shopping complexes in Pune Mumbai: Realty firm Kumar Urban Development (KUL) on Friday said it will be investing Rs 250 crore to set up six shopping complexes in Pune.

The shopping complexes will come up in various parts of the city including Hinjewadi, Bibewewadi, Kondhwa and on the Baner-Pashan Link Road, the company said in a statement.

"All the shopping facilities, being part of the existing or upcoming residential zones, will cater to the specific needs of the people living there," KUL Director Kruti Jain said.

KUL focuses on residential and commercial development in cities like Pune with presence in Mumbai, Bangalore, Hyderabad, Panchgani and Nagpur.

Its projects span across affordable, mid-segment and luxury homes to commercial and retail complexes, apart from IT complexes and SEZ.

PTI