ICICI Prudential Real Estate branch exited its investment from KUL Ecoloch
ICICI Prudential PMS Real Estate Portfolio has successfully exited its investment from ‘KUL Ecoloch‘ recently.
‘KUL Ecoloch’ is a township project constructed by River View Properties Pvt. Ltd. which is a branch of Kumar Urban Development Limited in Pune.
The real estate front had invested Rs 47.5 Cr from which they gained a revenue profit of about 27% on its investment.
The Head – Real Estate of ICICI Prudential AMC, Rahul Rai said that they are waiting for such opportunities to invest in projects that are likely to give valuable
returns.
The Managing Director & CEO of Kumar Urban Development Limited stated that it was a mutual beneficial relationship and both had gained from it.
To read more real estate news:
ICICI Bank, Indiabulls eyeing for Parsvnath Land
Source: The Economic Times
ICICI Prudential, ICICI Prudential PMS Real Estate Portfolio, ICICI Prudential Real Estate, KUL Ecoloch, KUL Ecoloch Pune, Kumar Urban Development Limited, Pune, Realty News, River View Properties Pvt. Ltd
