Reliance Property Solutions, a division of Reliance Home Finance Ltd, entered into an MoU with the Thiruvananthapuram based Dewa Group to develop and market Dewa Pier 20 comprising of 605 apartments in seven towers along Marine Drive Area of Kochi. The Dewa Group is promoted by NRIs with total assets of Rs. 1400 crores and a capital base of Rs. 225 crores. Reliance Property brings to the table its specialization in site selection, valuation, consulting, invetmentr generation and project marketing. The Dewa Pier 20 project was launched in 2012 and since then over 100 apartments have been sold according to Mr K Venugopalan, Managing Director and Chairman of Dewa Group. Apart from their expertise in site selection, design and building, valuation, portfolio administration, O&M, investments and project marketing Reliance Property Solutions are active in infrastructure projects comprising roads, metro rail, airports and real estate. Reliance claims to offer virtually all services from a single source, with hand-holding from start to finish. Reliance has plans to become a leader in property consulting and real estate by 2014. Mr Venugopalan Nair is a Kuwait based entrepreneur and the Dewa Group’s projects comprise of ultra luxurious apartments costing around Rs. 3.25 crore for a 3000 sq ft 3 bed room apartment in a complex surrounded by 4 acres of lush landscaped gardens.
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