Reliance Property enters Kerala real estate market, signs MoU with Dewa Group

KOCHI: Reliance Property Solutions has entered the Kerala real estate market by signing an MoU with the Dewa Group to jointly market 'Dewa Pier 20' located here.

Promoted by a group of NRIs, the Dewa Group has an asset base of Rs 1400 crore and a capital of Rs 225 crore. The 'Dewa Pier 20' consists of 605 apartments housed in 7 towers coming up in the Marine Drive area of the city.

The Dewa Group has its registered office in Thiruvananthapuram and corporate office in Kochi. "The project was launched in 2012 and more than 100 apartments have been sold", K Venugopalan, chairman and managing director of Dewa Group said.

Reliance Property Solutions is a vertical of Reliance Home Finance Ltd. The company brings with it expertise in site selection and transaction, valuation and consulting, investments and alliances and project marketing, company spokesmen said.