According to the sources available with www.propertykhazana.com, Pune real estate Company Paranjape Schemes 10% share was gained by HDFC India Realty Fund for Rs. 75 Crores. As well, GE capital had signed an agreement cost of Rs. 250 Crores with company for construction of Super Township in Pune. Capital was utilized for development of forthcoming ventures of the company and the investments made by GE capital was only for the venture in Pune, as said by Shrikant Paranjape who is one of the promoters of Paranjape.
Company has acquired fine relationship as the construction company in Pune and also considered to raise IPO in coming years. Paranjape Schemes had finished more than 100 realty ventures from the time it started and it is having its overseas branch in Singapore.
HI-REF is the initial scheme of HDFC Property Fund had created to make investments in 3 wide group of companies venture – Under Proposing, Under Development Stage and Completed Ones. These realty ventures will go to any sector of the realty. Fund was started in 2005 with Rs. 1000 Crores.
Later it was purchased by Vascon Engineers, another construction giant in Pune. The funds were managed by the HDFC Capital with the State Bank of India holding about 19.5% stakes.
Source: NIMMA BENGALURU
Property Listings
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By VJ Constructions ONE OF THE MOST TRUSTED NAME FOR UR REAL ESTATE INVESTMENT IN PUNE
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Apr 29, 2017
By VJ Constructions ONE OF THE MOST TRUSTED NAME FOR UR REAL ESTATE INVESTMENT IN PUNE
VJ Constructions deliver :
Quality construction. Honest..
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