The flattening world and the evolving economy present an infinite stream of opportunities for growth in the sector. Sterling Developers is well set to capitalize on these possibilities through synergistic partnerships. A joint venture with HDFC Property Fund will see Sterling develop a gated community in Whitefield at an estimated cost of Rs.3500 crores.
The project will be spread over 150 acres with a total built-up area of 20 million sft. The first phase will feature 160 high-end villas. The second phase will bring together 2000 apartments.
Expanding its presence, Sterling has commenced property development projects in key markets across India including Pune and Cochin. Sterling is also in the process of acquiring two infrastructure companies based in the south.
Investment plans span education and hospitality sectors. Sterling owns and manages the Canadian International School, a International Baccalaureate-certified school in Bangalore and is planning one each in Lonavla and Noida.
Plans for a foray in the hospitality industry include a hotel in Bangalore. Sterling is exploring tie-ups with an international group and a leading domestic chain. |
