VGN Developers ties up with Pragnya PE Fund
Chennai-based VGN Developers has tied up with a foreign private equity fund, Pragnya PE Fund to launch a residential project in Chennai.
Both entities have floated VGN Pragnya Realty Pvt Ltd to develop a 5.6-acre residential project, VGN Hazel, near Poonamallee, a suburb about 25 km to the west of Chennai.
The residential project will house 780 apartments, distributed across six towers of 14 floors each. The apartments will have one to three bedrooms.
Pragnya Fund is a well established player in the real estate sector with a presence in eight projects in a number of cities.
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Apartments, Apartments in Chennai, Chennai, Chennai Properties, Poonamallee, Pragnya PE Fund, Private equity funds, Residential Project, Residential project in Chennai, VGN Developers, VGN Hazel, VGN Pragnya Realty Pvt Ltd
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