In terms of geographical diversification, Bengal Shrachi has embarked upon two projects in neighbouring Orissa. The `Bhubaneswar Neo City' project was being set up on 14 acres of land on the Cuttack-Bhubaneswar National Highway. Work on the Rs 120-crore project is expected to begin soon after the receipt of necessary approvals.
A 4.5 lakh sq.ft shopping mall would also be set up in the Jaydev Vihar area of the city at an estimated investment of Rs 100 crore, Mr Todi said, adding that Bentel of South Africa has been engaged for doing the architecture of the Bhubaneswar mall.
http://www.thehindubusinessline.com/2007/04/04/stories/2007040402311100.htm
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