Pudumjee Pulp & Paper Mills has entered into a Memorandum of Understanding (MoU) with Messrs. G:Corp Properties for development of the company’s land admeasuring about 13 acres located at Thergaon, Pune through an LLP to be formed for the purpose offering a potential development of about 9,00,000 square feet of residential apartments.
The aforesaid development is in addition to company’s land of about 12 acres at Thergaon, Pune already under development under Partnership arrangement with G:Corp Properties which is currently being developed as residential complex named ‘Greens’. This development provides for a potential of about 10,20,000 square feet of saleable area out of which over 7,93,000 square feet have already been sold / booked so far including about 6,65,000 square feet already built. Another project as ‘GreenVille’ on a land of about 2 acres at Thergaon, Pune being developed by the company is awaiting statutory clearances.
Pudumjee Pulp & Paper Mills is engaged in the manufacture and sale of Specialty Papers.
