Assotech Group plans to invest Z900cr in Odisha


Bhubaneswar, Jan 22: Real es-tate promoter Assotech Group has now decided to invest around no) crore in the sector in Odisha in the next five years which is likely to be utilised in developing township in the state capital.

 Sanjeev Srivastava, MD of the group said that seeing at the im-mense potential of the city and needs, the group would investment the amount for a housing town-ship project at Rudrapur He said that the project named Assotech Pride is under construction since 2019. 

“We have started the ambitious project of making quality apart-ments on the site with all possible modern amenities. We have also received required approvals from RERA and other organisations and our works are been executed ahead of time because of the use of mod-ern advanced technology in build-ing construction,” he said.

 In a press conference, he in-formed the reporters that the group has roped in the advanced technology of Aluminium Form Work Shuttering which is otherwise con-fined to western countries and metro cities. “This is probably the first time such technologies will be used for building high rise apart-ments in the state,” he said.

 He was also joined by SS Rout, the vice president of the firm. The group claimed that the township project would not only pave way for employment for the locals but also aid in generating revenue for the state government. The firm also said that they would construct 485 apartments for the ‘economically weaker sec-tion’ of the society as per the com-pliance of building rules of the state government. 

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