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Merrill Lynch steps into Indian Realty and buys BPTP shares

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As per the sources available with www.propertykhazana.com, Merrill Lynch one of the world’s most important fiscal management and advisory conglomerates has now eventually stepping in the Indian Realty segment. The realty arm of the firm has chosen to take its initial step in North India. The sortie of Merrill Lynch in India is again going to give a drive to Foreign Direct Investments (FDIs) in Indian Realty. The investment division of the firm in India is Global Commercial Real Estate and it has made its initial investment in North India.
In the meantime, Merrill Lynch has selected an equity share in Delhi based Construction Company and that is Business Park Town Planners’ Limited (BPTP) an IT Park in Gurgaon for a huge amount of Rs. 218 Crores. Neither one of them needs to disclose anything connected to their joint venture, but the investment is a combine of simple and favorite equity. This firm is funding for the development of IT Park which is already planned to arise on the Gurgaon Expressway on 5 acres of property and the contract has been marketed by Jones Lang LaSalle. For more details/information logon to www.propertykhazana.com
Source: NIMMA BENGALURU

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