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Luxury Towers Named After Salman Khan to Be Built in Mohali
Sentiment: NeutralHigh Priority
What Happened?
Jacob & Co has partnered with GB Realty to launch a luxury residential project in Mohali, investing ₹2,400 to ₹2,500 crore. Two of the five towers will be named after Bollywood actor Salman Khan.
Key points
- The project will be developed on 9 acres of land on Airport Road in Mohali.
- The land was purchased for approximately ₹550 crore through a local authority auction.
- Jacob & Co will design the entire project, while GB Realty will handle development and construction.
- The project aims to attract buyers from Chandigarh, Mohali, and Panchkula looking for luxury homes.
- Details about the pricing and sizes of the flats have not yet been disclosed.
Key insights
- The project could enhance the luxury housing market in smaller cities like Mohali.
- Salman Khan's involvement may attract more attention and potential buyers to the project.
- This initiative reflects a growing trend of branded residences in tier-2 cities.
Why it matters
This project marks the entry of an international luxury brand into Punjab's real estate market.
Tags
Entities
Salman Khan· PersonJacob & Co· OrganizationGB Realty· OrganizationPunjab· StateMohali· City
Source
India Today
