NEW DELHI: Bharti Enterprises' real estate firm Bharti Realty on Monday said it has tied up with Eros Group to develop a housing project at Surajkund. The move signals Bharti Realty's foray into the residential segment. It will develop over 2,000 apartments in this project, covering about 5.2 million sq ft of area. The land size is about 50 acres, owned by Eros group which is into real estate, hospitality, entertainment and education businesses.
"Bharti Land (the new development arm of Bharti Realty), has entered into an agreement with Eros Group to develop a 'smart' residential project in Surajkund, south of South Delhi," Bhartigroup said in a statement.
Bharti Realty, the subsidiary of Sunil Bharti Mittal-led Bharti Enterprises, manages around three million sq ft of Grade-A commercial real estate space. It is developing another four million sq ft of commercial real estate office space across prominent cities in the country.