Veteran producer and real estate magnate Anand Pandit has announced a significant expansion of his company, Sri Lotus Developers & Realty Limited, into the prestigious GIFT City Area, Gandhinagar. This ambitious venture marks a notable collaboration with none other than Abhishek Bachchan, signalling his first foray into real estate development. The long-standing emotional ties between Anand Pandit and the Bachchan family are well-known, with Pandit often expressing his admiration for Amitabh Bachchan and having previously worked with Abhishek on projects like 'The Big Bull'.
A Strategic Partnership in GIFT City
Sri Lotus Developers & Realty Limited, renowned for its luxury and ultra-luxury properties across Mumbai, is now setting its sights on Gujarat. This new project in GIFT City is particularly exciting due to a unique profit-sharing agreement with Abhishek Bachchan. Anand Pandit, Chairman & Managing Director of Sri Lotus Developers & Realty Limited, describes Abhishek as a "close friend and confidant." Interestingly, the land for this development was originally acquired by Amitabh Bachchan nearly 15 years ago.
Project Scope and Vision
This initiative represents Sri Lotus Developers' inaugural venture in Gujarat, promising a mix of premium offerings:
* Residential Spaces: High-end living solutions. * Grade-A Office Spaces: Modern facilities for businesses. * Retail Spaces: Opportunities for commercial ventures.
Undertaken through a subsidiary, Rise Root Projects Pvt. Ltd., the project boasts a built-up area exceeding 1 million sq. ft. Anand Pandit expressed immense enthusiasm for aligning their strategic entry into GIFT City with Abhishek's "sharp creative and business acumen," anticipating a strong presence in this high-potential real estate market.
Addressing Market Demands and Timelines
Designed to cater to the burgeoning needs of various sectors, the project aims to attract:
* Financial institutions * Fintech firms * IT / ITeS companies
Backed by Anand Pandit's strong execution capabilities and a proven track record of timely project delivery, this landmark development is projected to be completed within a four-year timeframe. The development agreement for this significant undertaking was officially registered by Mr. Rajesh Yadav, MD of ABCL, underscoring the formal commitment to this exciting new chapter in real estate.
