Reliance Communications’ Wholly Owned Subsidiary Reliance Realty to Develop the First and the Largest Smart Fintech Centre in Mumbai

Deepthi | Myequity news | Date : 11-02-2019 12:05:00 IST

Reliance Realty Limited, a wholly owned subsidiary of Reliance Communications will develop the State’s first and the largest Smart Fintech Centre in Navi Mumbai. The Department of Information Technology, Government of Maharashtra and the Maharashtra Industrial Development Corporation (MIDC), granted approval to Reliance Realty for development of the Smart Fintech Centre at its Dhirubhai Ambani Knowledge City in Navi Mumbai, under the Government of Maharashtra’s new Fintech Policy.

As per Government of Maharashtra’s new Fintech Policy, Reliance Realty’s Dhirubhai Ambani Knowledge City, which is spread across over 132 acres, will have total saleable/leasable area of over 30 million square feet of prime real estate. Reliance Realty’s saleable area post development will be double the size of the existing commercial area of Bandra Kurla Complex, Mumbai.

Reliance Realty has already started major infrastructure development initiative in this regard.

About Reliance Communications

Reliance Communications has established a pan‐India, Next‐Generation, digital network that is capable of supporting best‐of‐class services spanning the entire communications value chain. Reliance Communications owns and operates the world's largest Next‐Generation IP‐ enabled connectivity infrastructure, comprising fibre optic cable systems in India, the USA, Europe, Middle East and the Asia Pacific region.

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