Kanakia Group to invest Rs. 500 crore in residential, hotel properties.

Diversified conglomerate Kanakia Group plans to invest more than Rs. 500 crore over the next two years for developing residential and hotel properties, a top company official said.

'Our focus in the coming years will be on developing hotel and residential properties. We plan to invest more than Rs. 500 crore over the next two years, which will be utilised for buying land parcel and construction,' company's Chairman Rasesh Kanakia said.

ET