1-OAK to invest Rs 350 crore in developing residential and commercial project in Ayodhya

Real estate developer 1-OAK has acquired a seven-acre land parcel in Ayodhya and is in talks to acquire another three-acre plot for mixed use development with an investment outlay of Rs 350 crore, said its CEO Sandeep Singh Katiyar.

Total cost of the project would be Rs 350 cr of which 20 million USD will be invested by the company and balance will be managed through project accruals.



ET