TDI to invest Rs 100 cr in Park Street, Mohali

TDI Infratech Limited has announced that it will invest Rs 100 crore in its latest offering, Park Street, coming up in Sector 118 Mohali.

Spread over 1.38 acres, the commercial project will have a total built-up area of 1.5 lakh sqft and will be delivered by December 2022, said a press release issued by the real estate company.

The project, it said, is being developed as retail, food & entertainment hub of Punjab. Ideally located and facing the 200-ft International Airport Road connecting Chandigarh-Kharar Road to NH21, the catchment of the project are the TDI smart city residents and nearly three lakh city customers.

Vimal Monga, Vice-President of Sales & Leasing (commercial), TDI Infratech Ltd, said, “We are committed to the quality development and making this project a success as this will be completely a lease model project that will be able to fetch handsome and stable returns to our investors and stakeholders. Also, it will add greater value to the whole TDI City. Park Street is our endeavor to provide a better lifestyle to the residents of the area and people of the city in general.”