India, Jan. 7 -- Mumbai-based real estate developer, Sri Lotus Developers & Realty Limited, on January 7, announced that it has signed a joint development agreement with Bollywood actor Abhishek Bachchan to construct a luxury mixed-use development project in the GIFT City area in Gandhinagar, Gujarat.

According to the company, the project will have a built-up area of over one million sq ft, and will be undertaken through a subsidiary of the company, "Rise Root Projects Pvt. Ltd., which entered into a Development Agreement with Abhishek Bachchan having a profit-sharing arrangement."

The company will develop an ultra-luxury, mixed-use development on the freehold land. This will be the company's first project in Gujarat. Sri Lotus Develope...