Popular Estate Management has entered into a Memorandum of Understanding (MoU) with the Ahmedabad Urban Development Authority (AUDA) for setting up three integrated townships in Ahmedabad district and affordable housing for MIG at Ahmedabad City.
The proposed investment for the said projects is Rs 8028 crore. The projects are scheduled for completion by 2012.
Popular Estates was earlier known as Pioneer Technoparks - promoted by Ramanbhai and ChagganBhai Patels. It looks like these guys change the name of their company to suit according to the frenzy on Dalal Street. After 2000, IT Boom it was Real Estate and hence Patels followed :-) However, they've gotta be really influenctial to bag a project of this scale.
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