HDFC property
HDFC Property Fund may partly back Rs 1,020 crore transaction in which real estate firm Runwal Group is buying 24.7 acres of land in suburban Mumbai from Crompton Greaves Ltd, said three people familiar with the matter. HDFC Property Fund will put in up to Rs 200 crore to help Runwal part-finance the deal. In [...] Continue Reading »
Mamata Banerjee’s recent Singapore visit was criticised by many walks of lives. However Sanjiv Goenkathe Group chairman of RPG Enterprises said that West Bengal should not expect any immediate gains from Mamata Banerjee’s Singapore visit. However going two years forward something should happen. He was also a part of the delegation which visited Singapore recently. Goenka, [...] Continue Reading »
HDFC portfolio Management Services (PMS), a Unit of HDFC Mutual Fund is finding the possibility of exiting its real estate investment, before its next real estate fund, as per an investment banker said. The source said that the exits are of Rs 800 crore -Rs 1,000 crore and range between Rs 100 crore and Rs [...] Continue Reading »
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 [...] Continue Reading »
