[India Property, Real Estate India] Red Fort Cap to take stake in Parsvnath D...

[Noida Property 0]

Delhi Property

NEW DELHI: Realtor Parsvnath Developers Chairman Pradeep Jain said private equity firm Red Fort Capital will have a 49 percent stake in a special purpose vehicle which will develop railway land in New Delhi for commercial purposes.

On Thursday, Parsvnath won the bid for a 38.3-acre (15.50 hectares) land in New Delhi auctioned by Rail Land Development Authority (RLDA) for Rs 16.51 billion, in one of the biggest real-estate deals in the country.


http://economictimes.indiatimes.com/Markets/Real-Estate/Red-Fort-Cap-to-take-stake-in-Parsvnath-Delhi-Rail-Land-SPV/articleshow/6914539.cms

www.RealIndiaProperty.co.in

M:09990056660

--
Posted By Noida Property 0 to India Property, Real Estate India at 11/13/2010 10:45:00 AM