Real estate firm SRK Group is planning to invest Rs 5,000 crore in developing various properties across the country over the next five years with plans to expand to new cities.
"The group has identified many projects in south India and other parts of the country to pump in about Rs 5,000 crore in the next five years in developing residential as well as commercial projects," industry sources said.
Malik said, the group was looking at markets like Delhi, Gurgaon, Ahmedabad, Pune and Chennai.
"Currently we are talking to land owners to acquire land, but nothing has been finalised yet," he added.
Apart from Delhi, where SRK Group plans to develop only commercial projects, in all the other cities it will develop both residential and commercial properties.
"We are looking to develop about 15 projects in these five new cities with over 100 acres of land in total," Malik said.
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