India, June 17 -- PioneerUrban Land and Infrastructure Ltd, which recently entered the luxury senior living segment with its Rs.300 crore 'Advait' project in Gurugram, now plans to expand its joint venture with the J K Organisation to Tier-2 cities and towns, including Rishra near Kolkata.

The venture, under the latter's real estate arm J K Urbanscapes Developers Ltd (formerly J K Cotton Ltd), aims to optimise landbanks in locations such as Kolkata, Varanasi, Dehradun, and Jaipur, Rakesh Bohra, chief operating officer of PioneerUrban, told HT.com

He said the company plans to invest Rs.1000 crore over five years in developing these land parcels, excluding land cost, as the land is owned by the J K Organisation.

PioneerUrban is looking t...