Sun Apollo to invest $50 mn in Sobha Developers
No Comments Sub Category:Bangalore,Commercial Real estate,Realty News,Residential Real Estate Posted On: Oct 19, 2012
According to sources, private equity firm, Sun Apollo is to invest up to $50 million on projects developed by Indian real estate company Sobha Developers.
Sobha Developers is based in South Bangalore, has built more than 51 million square feet of homes and offices since 1995.
Sun Apollo is to invest on project basis and 20-25% is to be invested in its first project.
The firm has invested about 450 million rupees ($8.5 million) in a subsidiary of Mumbai-based Godrej Properties in December last year.
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Bangalore projects, bangalore properties, Indian real estate, Real Estate in Bangalore, Real estate in India, Realty News, Sobha Developers, Sun-Apollo, SUN-AREA
