Xander’s realty arm partners with Supertech for Gurgaon projects
An amount of Rs. 400 crores (US$ 66 million) will be invested by Singapore-based realty investment division of The Xander Group in Supertech Ltd’s Township and Group Housing projects in Sector 79, Gurgaon.
With the Supertech Township located at a strategic location in one of the fastest growing sectors south of the NH-8, the township is expected to see the same kind of overwhelming response which the realty firm’s ‘Araville’ project witnessed at its launch.
The investment by Xander’s real estate arm and its partnership with Supertech for the Township and Group Housing projects in Gurgaon is expected to strengthen the growth momentum of the Supertech Group.
In reference to the partnership worked out by Supertech and Xander, R K Arora – Chairman and Managing Director of Supertech Ltd – said that the mentioned transaction between the two companies is the “single largest transaction in North India;” and added that it depicts the confidence of the investors in the capabilities of the Supertech Group.
Touting Supertech Group’s transparency and fair practices, Arora said: “We are elated to join hands with Xander and look forward to have multiple investments from them in our Group. Their persuasive industry knowledge and global experience will add cogent value to us.”
Source – Livemint
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