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Hiranandani acquires land worth Rs 800 crore

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One of the leading realty group Hiranandani Upscale a Mumbai based unit has recently bought around 135 acres of land at three major locations of Bangalore, Hyderabad and Chennai which amounts nearly Rs 800 crores as per the sources available at www.propertykhazana.com. The Bangalore segment of sell comprises of 80 acres, Chennai with 35 acres where as 20 acers was notified for Hyderabad. All this dealings were taken place with different lenders.
On a short note with www.propertykhazana.com Surendra Hiranandani reveals that “Hiranandani Group and its associates Hiranandani upscale is planning to take new projects at various southern locations but further details will be provided once the blueprint is ready”. It was also come to light that the funds required for the projects will be raised through private equity promotion with a special purpose vehicle level. Hiranandani Upscale is an unlisted unites and it mainly concentrates on the out of Mumbai projects preferably at the northern parts of the country later.
Source reported at www.propertykhazana.com also reveals that the Hiranandani group is also making their next plans to build up township at the three cities in the lieu of Powai project at the economic capital city. There is a better hope for higher income group in these three cities which will be action soon. According to the experts, “the deal plays a vital role in the Mumbai realty as no major realty transactions has come up in past few months continuing with the dark age of realty sale”. For more and latest realty updates follow www.propertykhazana.com.
Source: NBTVLIVE

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