Marvel, HDFC PMS tie up for Cummins' Pune land
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Ravi Karandeekar
Jul 15, 2011, 10:44:59 PM7/15/11
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Cummins, the maker of industrial engines, is tipped to sell a plot of land it owns in Pune to Marvel, a Pune-based property group.
Marvel, according to market sources, could be part-financed by HDFC PMS, the country's largest real estate fund. The transaction is expected to be valued at 170-180 crore. Marvel will form a joint venture with HDFC PMS to develop the land.
http://economictimes.indiatimes.com/markets/real-estate/news-/marvel-hdfc-pms-tie-up-for-cummins-pune-land/articleshow/9229799.cms
Marvel, according to market sources, could be part-financed by HDFC PMS, the country's largest real estate fund. The transaction is expected to be valued at 170-180 crore. Marvel will form a joint venture with HDFC PMS to develop the land.
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