Summary:
Real Estate Regulatory Authority (RERA) and other compliance will lead to consolidation of real estate sector in Gujarat. Shivalik Group and Hetu Construction have till date successfully executed 300+ projects and boast of a joint experience of 50 years. The coming together will create synergies between companies specialized in real estate and construction sectors respectively. Hetu Construction has carried out projects like old Cricket Stadium at Motera, Infocity in Gandhinagar, and Shalby Hospital at Naroda to name a few. The two enterprises have constructed more than 10 million square feet space, of which close to seven million square feet is constructed by Shivalik Group..