Wadhwa Group plans investments of Rs 2200 cr in first two phases of Wadhwa Wise City

The Wadhwa Group is planning investments of Rs 2200 crore in the first two phases of Wadhwa Wise City. Out of the total land holding of over 450 acres, it is planning to develop 138 acres. Wadhwa and GFH, a Bahrain based financial investment group, are jointly developing the township and have launched apartment and bungalow project.
Shedding light on the second phase of Wadhwa Wise City, Navin Makhija, MD, The Wadhwa Group, said, “Panvel as a location is the most advanced infrastructure hub of India with world-class infrastructural developments coming up. While the first phase of Wadhwa Wise City was an initiative to support the Government’s mission to provide quality affordable housing, the second phase would focus more on the independent living in a township that offers all facilities of a city in the vicinity. We are expecting about 2000 crores revenue from the second phase of the project including bungalows.”