Red Fort Capital, an India-focused private equity (PE) firm which invests in the real estate sector, is picking up around 50% stake in a Rs 1,000-
crore residential project in Noida being developed by realty firm 3C Company, said two persons familiar with the matter.
Although the exact deal amount could not be independently verified, one of the persons familiar with the development said Red Fort Capital is investing around Rs 100-130 crore towards the equity capital of the special purpose vehicle that owns the project.
The investments will go towards developing 3,500-4,000 apartments in the project named Lotus Panache located at Sector 110 of Noida. The project is spread across 41 acres in Noida, said another person on condition of anonymity.
More : economictimes.indiatimes.com
Send an E-Mail for Noida Property Enquiry!
Related News from Noida
Red Fort Cap invests Rs 200 cr in 3C project
Red Fort Capital, an India-focussed private equity (PE) firm, on Thursday announced a Rs 200-crore investment to pick up an undisclosed stake in a residential housing project to be developed by Noida-based real estate firm, 3C Company. The funds will be used to develop around 3,500 apartments in the project, spread across 41 acres at Sector 110 in Noida. ET was the first to report the news in its edition dated February 3. Although the exact stake picked by Red Fort Capital could not be ascertained, a senior executive in the real estate sector familiar with the development said the
Unitech to invest Rs 1,800 cr in housing project at Gr Noida
Real estate firm Unitech Ltd will invest Rs 1,800 crore in the next 4-5 years, to develop an exclusive residential project at Greater Noida. We have bagged 100 acres of land at Greater Noida on which around 4,500 apartments will be constructed, Unitech Managing Director Sanjay Chandra told PTI. He said the company would invest Rs 1,800 crore towards the development of the project, which includes Rs 556.44 crore paid to the Greater Noida Authority as part of the land deal. On source of funding the project cost, Chandra said it would be met through a combination of internal accruals, advance sales
Unitech to spend Rs 5,500 cr on Noida project
Rs 5,500 crore. Thats how much property developer Unitech will spend on an ultra-luxurious residential project in Noida. A golf course, a sports complex, a 200-bed hospital, clubs and a convention centre. These are a few features that Unitechs new residential project will sport. Unitech will invest Rs 5,500 crore in the project which will hold 5,300 units, including apartments, duplexes and penthouses. It will come up on a 347-acre plot, which Unitech acquired in May last year, for Rs 1,500 crore. Unitech has roped in international architectural firms to design the project. Sanjay Chandra, MD, Unitech said, I think
Ansal Properties’ arm gets investment of $ 55 million from HDFC AMC
HDFC Asset Management Co (HDFC AMC) has informed that it has made an investment worth US$ 55 million in Ansal Hi-Tech Townships, a subsidiary of the New Delhi-based property developer, Ansal Properties & Infrastructure (API), for a minority stake in the project. Ansal Hi-Tech Townships, a special purpose vehicle (SPV), is building a 2,500- acre modern township with a developable area of 75 million sq ft in Greater Noida in the National Capital Region. Presently, the project is in the land acquisition stage and is expected to be completed in the next 6-7 years. Ansal is expecting a turnover of
Remote control for phones in halls
New Delhi : When it comes to using mobile phones in public places, Delhi ites are not exactly known for their restraint. Phones often go off in movie halls, are heard in middle of theatre performances and sometimes, teachers face a chorus of trills in classrooms. To counter this mobile menace, auditoria, call centers, schools, and even corporate offices, are taking the help of technology. They are installing mobile jammers a box-like gadget that can easily pass off as a speaker to silence the phones. While The British Council and India International Centre are already on silence mode, two
No takers for ’affordable’ housing in NCR
It was touted as a realization of the ultimate middle class dream houses that fit the pocket. Just that it went bust. Months after developers flooded the market with housing projects tagged as ‘ affordable, there seem to be very few takers. The reason: the actual area of many of these flats is far less than usual. Others are being rejected because of poor location. Said Renu Chaddha (name changed), who had bought a flat in an affordable housing project that was launched in Faridabad earlier this year, and is looking for another property to invest in. ‘At that time,
Power Project Engineering Institute Project Engineering Management bhelnoida
Power Project Engineering Institute Project Engineering Management bhelnoida is a location in Noida in India. If you have seen Power Project Engineering Institute Project Engineering Management bhelnoida , then write us a review comment or your experience about this site in Noida. This site is to provide information to visitors to this place. Your comment about Power Project Engineering Institute Project Engineering Management bhelnoida is important to us. Please provide you comment / review / article on Power Project Engineering Institute Project Engineering Management bhelnoida in Noida below.