Kotak Realty Funds joins hands with Akshaya Homes
No Comments Sub Category:Chennai,Realty News Posted On: Nov 08, 2012
Kotak Realty Funds,the real estate private equity fund of Kotak Mahindra Group, has entered into a joint venture with Chennai-based Akshaya Homes. The joint venture has been formed for construction of residential units on a 20-acre plot off Chennais Old Mahabalipuram road.
It is a revenue-share venture, where Kotak will hold 20% stake while Akshaya will hold majority of stake.
Kotak had bought the land from Pentamedia Graphics in 2007 under the Reconstruction of Financial Assets and Enforcement of Security Interests Act.
Tags:
Akshaya Homes, Chennai, Chennai real estate, Joint venture, kotak mahindra group, Kotak Realty Fund, Old Mahabalipuram Road, Pentamedia Graphics, priority list for acquisition of land plots
