ALI said in a statement Monday the joint venture would infuse additional 600 hectares of prime land to form part of the Altaraza estate—envisioned to be the next growth center north of Metro Manila. READ:
ALI said in a statement Monday the joint venture would infuse additional 600 hectares of prime land to form part of the Altaraza estate—envisioned to be the next growth center north of Metro Manila.
Altaraza Development Corp., the joint venture company of ALI and Araneta Group, will invest P20 billion for the whole project. ALI said the commercial value of lots in Altaraza jumped by 200 percent, while the value of residential units rose 7 percent to 10 percent over the past eight years because of its strategic location and rapid growing community.The group signed a deal with Sta. Lucia Land Inc. in 2019 to develop 300 hectares of its landholdings in Bulacan as an annex of the Colinas Verdes subdivision project.
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