Emami Group has partnered with Sheth Corp and agreed to invest Rs 350 crore to develop a luxury residential project 'Montana' in suburban Mulund here.
Emami Group's realty arm Emami Infrastructure and Sheth Corp have formed a limited liability partnership (LLP) for this project.
Spread over 7 acres, the project comprises of four towers and will house apartments of 2, 3, 4 and 5 BHK configurations.
"We are already present in Mulund with our project Vasant Oscar and Vasant Garden. With this project, our association with Emami Group, James Law, HBA Singapore and TROP will be stronger and long-lasting," said Sheth Group Chairman and Managing Director Ashwin Sheth.
Sheth Group has a portfolio of 70 projects and over 20 million square feet developed and delivered.
Emami Group Joint Chairman R S Agarwal, said, "Montana is our third project with Sheth Corp".
Emami Group has so far delivered over 24 residential and commercial projects, comprising 36 million sq ft area, primarily in Kolkata.