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Ishaan gets Rs 1,082 Crore shares in K Raheja Projects

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Ishaan Realty, the initial realty fund which is scheduled in the London Stock Exchange Alternative Investment Market (AIM) and has purchased 40% of share each which raises a total amount Rs. 1,082 Crores in 8 building ventures by K. Raheja Corp. The inventory of these ventures is, Inorbit shopping mall & Mind-space IT Park in Hyderabad, Inorbit Shopping mall and IT park in Pune, Mind-space IT Park in Navi Mumbai, two Mind-space IT Parks in Hyderabad, Commerzone IT Park, hotel and retail development in Silicon City and Viverea housing development at former Hindustan Spinning & Weaving Mills in Mahalakshmi at Mumbai.
Sources revealed at www.propertykhazana.com said that the ventures comprise three IT Parks, 2 shopping malls and a hotel and in November 2006, the company managed raising a high amount of 180 Million Euros to its initial phase from the AIM Market. Capital was to be utilized in K Raheja’s properties in India. Currently, Ishaan’s portfolio in India has a total amount of Rs. 15 Million Sq.ft and the company is also protected by leasing the contracts for more than 1 Million Sq.ft. At present, Ishaan shares are trading at about 104 Euros. For more information logon to www.propertykhazana.com.
Source: NBTVLIVE

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