HDFC Property invests in Bangalore Real Estate
Rs 50 Cr investment is made by HDFC Property Fund for the Fortuna Project SPV in Bangalore. In recent past (October 2011) HDFC also invested $90 million in a upcoming IT park near the BIAL.The Fortuna SPV is a combination of two projects. The first is the Fortuna North City near Yelahanka. This project has a business park, a hotel and a residential complex.The second project named Fortuna Windflower at Sahakar nagar. This project is a complete residential project. And it will contain 360 apartments.
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Apartments in Bangalore, Bangalore property development, HDFC investment in Property in Bnagalore, HDFC property, properties in Bangalore, Properties near Yahalanka, Real Estate in Bangalore
On behalf of our client M/s. Golden Harvest Developers Pvt. Ltd., No. 11, Hayes Road, Bangalore-25, we hereby inform the public that Shri Gullappa Alias Pachappa, S/o Late Chikkathayappa, Sri Narayan S/o Sri Gullappa & Sri P Sriram, S/o Gullappa, All Residing at No.131,VenkateshwaraNilaya, BB Road, Venkatala, Yelahanka, Bangalore- 560 064; Sri P Srinivasmurthy/o Sri Gullappa, Residing at No.368,13th main, KHB New Town, Yelahanka; Sri Krishnappa, S/o Sri Chikkathaiyappa, Sri K Appaiah, S/o Sri Krishnappa & Sri K Nagraj, S/o Sri Krishnappa, Both Residing at No. 23/5, Muneshwara Nilaya, B B Road, Venkatala, Yelahanka, Bangalore- 560 064; Sri Y P Muniraju, S/o Sri Pullappa, Sri Y P Manjunatha, S/o Sri Pullappa, Sri P Chandrashekar, S/o Sri Pullappa, All Residing at No.11, Sri Lakshmi Venkateshwara Nilaya,15th cross, 1st main road, Maruthinagar, Yelahanka, Bangalore 560 064, hereinafter collectively called as ‘OWNERS’ had jointly entered into a Memorandum of Understanding dated 26.07.2010 with our client for development of the Schedule property. According to the terms of the Memorandum of Understanding, dated 26.07.2010, the ‘OWNERS’ had agreed not to seek any buyers for the schedule property, which was the subject matter of the Memorandum of Understanding, or initiate talks with anyone other than our client for sale or development of the schedule property. ‘OWNERS’ had also agreed not to create any third party right, title or interest or lien or charge over the schedule property. The said MOU is valid and subsisting.
Since the ‘OWNERS’ failed to perform their part of obligations under the MoU dated 26.07.2010, our Client has filed a suit for specific performance and Permanent Injunction, O S 491/2012 against the ‘OWNERS’ before the Hon’ble Principal Civil Judge Senior Division, Bangalore Rural, Bangalore. The Hon’ble Court vide its order dated 17.04.2012 has granted an order of temporary injunction restraining the ‘OWNERS’ , their agents, successors and any one claiming under ‘OWNERS’ above named from alienating, encumbering or creating any third party interest over the Schedule Property and the said order is extended on subsequent dates and the same is still binding on the ‘OWNERS’
It is learnt that one M/s. FORTUNA URBANSCAPE PVT LTD., is marketing the project under the name and style “FORTUNA NORTH CITY” on our schedule Property.
In view of the above we hereby caution that if anybody deals with the aforesaid ‘OWNERS’ & M/S FORTUNA URBANSCAPE PVT LTD., in respect of the Schedule Property by way of entering into any MOU or agreement or otherwise, they will be doing so at his/her/their own risk and cost and may render themselves liable for action in accordance with law for having committed contempt of court, our client will not be bound by any such transaction or dealing.
SCHEDULE
All that piece and parcel of agricultural lands bearing Sy Nos. 25/1, Sy No.26, Sy No.42/5 and Sy No.42/6 measuring in all about 10 acres situated at Venkatala Village, Yelahanka Hobli, Yelahanka Taluk, Bangalore and bounded as follows:
East by : Sy.No.s 25/2, Sy.No.25/3, Sy.No.25/4 and Road
West by : Sy.No.s 27, 28, 42/2, 42/3 and 42/4
North by : Sy.No.42/1, Sy.No.42/8 and 42/7
South by : Sy.No.s 27, 28 and 29
M/s Indus Law ,
101, I Floor, “Embassy Classic”,
Bangalore No. 11, Vittal Mallya Road, Date: __/__/2012 Bangalore- 560001.
CAUTION NOTICE
On behalf of our client M/s. Golden Harvest Developers Pvt. Ltd., No. 11, Hayes Road, Bangalore-25, we hereby inform the public that Sri. M Srivatsan, S/o Late Sri C Madappa, Residing at No.5/83 (old No.141), Kalli Bhavi Road, Yelahanka, Bangalore- 560 064; Sri. M Vasudevan, S/o Late Sri Madappa, Residing at No.426/B, 12th A main, A sector New Town, Yelahanka, Bangalore 560 064; Sri. Y R Srinivas, S/o Late Sri Ramaiah, Sri. Y R Murugesh, S/o Late Sri Ramaiah, Both Residing at No. 529, Kalli Bhavi Road, Yelahanka, Bangalore 560 064; Sri. C Krishnappa, S/o Late Sri Chinnappa, Residing at No.48, Parvathi Krupa, 4th Main Road, B/w 1st and 2nd cross, Mathikere Extension, Bangalore 560 054, hereinafter collectively called as ‘OWNERS’ had jointly entered into a Memorandum of Understanding dated 11.10.2010 with our client for development of the Schedule property. According to the terms of the Memorandum of Understanding, dated 11.10.2010, the ‘OWNERS’ had agreed not to seek any buyers for the schedule property, which was the subject matter of the Memorandum of Understanding, or initiate talks with anyone other than our client for sale or development of the schedule property. ‘OWNERS’ had also agreed not to create any third party right, title or interest or lien or charge over the schedule property. The said MOU is valid and subsisting.
Since the ‘OWNERS’ failed to perform their part of obligations under the MOU dated 11.10.2010, our Client has filed a suit for specific performance and Permanent Injunction, O S 578/2012 against the ‘OWNERS’ before the Hon’ble Principal Civil Judge Senior Division, Bangalore Rural, Bangalore. The Hon’ble Court vide its order dated 21/04/2012 has granted an order of temporary injunction restraining the ‘OWNERS’, their agents, successors and any one claiming under ‘OWNERS’ above named from alienating, encumbering or creating any third party interest over the Schedule Property and the said order is extended on subsequent dates and the same is still binding on the ‘OWNERS’
It is learnt that one M/s. FORTUNA URBANSCAPE PVT LTD., is marketing the project under the name and style “FORTUNA NORTH CITY” on our schedule Property.
In view of the above we hereby caution that if anybody deals with the aforesaid ‘OWNERS’ & M/S FORTUNA URBANSCAPE PVT LTD., in respect of the Schedule Property by way of entering into any MOU or agreement or otherwise, they will be doing so at his/her/their own risk and cost and may render themselves liable for action in accordance with law for having committed contempt of court, our client will not be bound by any such transaction or dealing.
SCHEDULE PROPERTY
All that piece and parcel of agricultural lands bearing Sy Nos. 36/1, measuring 17 guntas situated at Venkatala Village, Yelahanka Hobli, Yelahanka Taluk, Bangalore and bounded as follows:
East by : Land bearing Sy No.42/2 & 42/3
West by : Raja Kaluve
North by : Land bearing Sy No.37
South by : Land Bearing Sy No.36/2
SCHEDULE PROPERTY
All that piece and parcel of agricultural lands bearing Sy Nos. 42/2, measuring 12 guntas situated at Venkatala Village, Yelahanka Hobli, Yelahanka Taluk, Bangalore and bounded as follows:
East by : Land bearing Sy No.42/5
West by : Land bearing Sy NO.36/1 & 36/2
North by : Keri Kodi
South by : Land Bearing Sy No.42/3
M/s Indus Law,
101, I Floor, “Embassy Classic”,
Bangalore No. 11, Vittal Mallya Road, Date: __/__/2012 Bangalore- 5600