One of the noted names in realty India – Business Park Town Planners Ltd (BPTP) is making their next move at a plot of Noida near Delhi. According to the sources of www.propertykhazana.com company is teaming up to collect around $300 million for this project. The company is also making effort with the private equity firms for the same cause. Apart from this the company is also open to the suggestion of special purpose vehicle to gain the funds for the new construction.
Talking to the higher authority of the company by www.propertykhazana.com reveals that they are ready to sell the shares even to get into the new ventures of Noida. It will be a commercial project to get into action as soon as it gets satisfied with its financial management team. On a short note with the managing director of the company Kabul Chawla – he revealed his company’s program for the coming season but did not spell a single word in favor of the private equity shares.
Most importantly the company has been successful to overtake the realty giant DLF and Omaxe Ltd for this Noida commercial venture. This construction is expected to rise till Rs 5000 crore for a period of five years.
Source of www.propertykhazna.com also reveals that the BPTP has made liquidation of 3 percent of their stake to JP Morgan which touched the amount around Rs 250 crore. After the completion it will be one of the best models to attract both national and international brands to its surfaces as added by company’s top order.
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