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Kotak Realty Fund exits investment in Lalith Gangadhar

Comments(2) Sub Category:Delhi-NCR,Realty News Posted On: Aug 06, 2012

Kotak Realty Fund is withdrawing its investment from Lalith Gangadhar Constructions Private Ltd. According to sources, Kotak is selling its 49 per cent stake for Rs. 53 Cr to the promoters.

Promoted by Girish Puravankara, Lalith Gangadhar Constructions is engaged in real estate development, real estate marketing, facility management and project management activities.

Kotak has already exited from Sobha Developers, Mayfair Housing, Phoenix Mills and NDR Warehosuing Pvt Ltd. earlier.

The fund recently announced its investment of R120Cr for 20 per cent stake in Parsvnath Developers’ SPV, which will develop a township project in Gurgoan.

To read more real estate news:

Farmers demand service road before completion of Yamuna Expressway

Tags:

Girish Puravankara, Gurgoan, Kotak Realty Fund, Lalith Gangadhar Constructions Private Limited, Mayfair Housing, NDR Warehosuing Pvt Ltd, Phoenix Mills, Real estate development, Real estate in India, Real Estate India, real estate marketing, Realty News, Sobha Developers

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2 Responses to “Kotak Realty Fund exits investment in Lalith Gangadhar”

» HMDA steps up cleaning of Hussainsagar Lake says:

August 6, 2012 at 11:17 am

[...] Kotak Realty Fund exits investment in Lalith Gangadhar [...]
» Hiranandani to consrtuct 3,000 affordable homes in Powai says:

August 6, 2012 at 10:53 am

[...] Kotak Realty Fund exits investment in Lalith Gangadhar [...]

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Kotak Realty Fund exits investment in Lalith Gangadhar

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