SUN-Apollo Ventures, the JV between Delhi based SUN group and US based PE fund Apollo Real Estate advisors, has picked a 35-40% equity stake in an SPV of Noida based realty firm Amrapali group. The funds will be used to develop a 200 acre township in Jaipur and a 15 acre project in Noida. The Jaipur project includes housing, retail and commercial development.
Amrapali group has developed six residential colonies around Delhi and current value of on-going projects is pegged at $1.9 billion.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment