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Hypo group finds a partner

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As reported by the source @ the www.propertykhazana.com the German based commercial realty financing company Hypo Group is gearing up to pour Rs. 600 in Shriram Realty, a Bangalore based Real Estate wing of Rs. 25,000 worth Shriram Group, which is basically into commercial vehicle finance, chit funds and insurance sectors. Shriram Group was found in the year 1995 and in these years it has set a niche of itself and has undertaken and developed over 5 Million Sq.Ft of commercial and residential projects in Bangalore, Hyderabad and Chennai and as of today, the company is developing around 70 Million Sq.Ft which involves, flats, office space, commercial complex and Township projects. Hypo Group is investing on 3 realty projects planned by the Shriram Properties.
Meantime, the source also added at the www.propertykhazana.com saying that earlier Hypo Group teamed up with VG Siddhartha’s Tanglin Development for the same Hypo had poured Rs. 380 crores. in addition, Hypo is gazing to withstand the position in the realty sector especially the south Indian market and Chennai city projects and the around 6 Million Sq.Ft development is expected shortly.
The source further added at the www.propertykhazana.com is that Shriram Properties has managed raising funds of over Rs. 1000 crores with association of the US based Walton and Star Capital Group. As revealed by the senior official at the Shriram Properties, the company is investing the raised funds on the ongoing projects in Kolkata and he also said that Walton and Starwood Capital Groups have invested about USD 100 in Shriram Properties.
Source: NBTVLIVE

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