| Home | October 2010News | Motilal Oswal managed India Realty Excellence Fund invests in subsidiary of Godrej Properties Ltd. for development of premium Residential space in Bangalore |
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 Motilal Oswal managed India Realty Excellence Fund invests in subsidiary of Godrej Properties Ltd. for development of premium Residential space in Bangalore- Motilal Oswal managed India Realty Excellence Fund invests in subsidiary of Godrej Properties Ltd. for development of premium Residential space in Bangalore
- October 12, 2010
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Funds managed and advised by Motilal Oswal Private Equity Advisors Private Limited ("MOPE"), has invested in Godrej Buildwell Private Limited ("GBPL"), a subsidiary promoted by Godrej Properties Ltd. (GPL).
The subsidiary will undertake development of a large high end Residential project. IREF has invested INR 45 crores and would invest another INR 5 crores in second tranche for equity stake of 49.9% in the SPV. The project is in an extremely prime location at Hebbal junction in Bangalore.
The site is strategically placed along the 'golden corridor' of Hebbal and Devanahalli, an area slated to become the next IT hub. The project has easy access to the 6-lane Golden Quadrilateral highway which e...
- View more at: http://www.1888pressrelease.com/motilal-oswal-managed-india-realty-excellence-fund-invests-i-pr-247933.html
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