Bangalore-based Skyline Constructions and Housing is planning to invest Rs 200 crore in Mangalore, a tier II city in Karnataka, through a mix of internal accruals and borrowings.
According to Avinash Prabhu, managing director of the company, investment in tier II city in Karnataka will be in real estate verticals like residential and commercial (malls and office spaces).The company recently launched its premium residential project, Blueberry Hill in Mangalore.
Skyline Construction and Housing, is a 125 years old family owned enterprise having strong roots in coffee plantation. In 1983, the family forayed into property development and since then has developed properties in Bangalore and Mysore.
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