NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

Phoenix Mills acquires Bangalore property from Guest Keen Williams Ltd

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
The Phoenix Mills Ltd, the realty promoter of Mumbai origin has hit a agreement to obtain a twenty five acres of land plan in Rajajinagar area of Bangalore for just about Rs320 crore from under pressure production group Guest Keen Williams Ltd. even as it was settling the agreement, Phoenix Mills and its contributory Bellona Finvest Ltd in addition put up a 7.5% share interest in GKW group. However, in the past GKW was the Indian auxiliary of a manufacturing corpse which was a legal jointure of England.
The MD of Phoenix Mills’ Mr. Ashok Kumar R. Ruia said to www.propertykhazana.com that his consortship had acquired several 4.5 million equities of GKW from the trade fair, messaging that they are attracted in GKW’s property bank. As to the detailed property agreement, Ruia declared in regard to the agreement would be prepared in the forthcoming two to three days. At the existing trade fair cost of GKW Rs 90.45 a share of the wager is valued at Rs 40.72 crore. It is uncertain what Phoenix remunerated for its equities.
Phoenix Mills is said to have joined forces with a realty subsidize of England origin to obtain the property of Bangalore. Ruia held he couldn’t reveal the support’s name. The two remunerated Rs 13 to 14 crore for each acre for the land plan.
The joint MD of JLL-Meghraj Mrs. Manisha said to www.propertykhazana.com that the cost for each acre Rs 13 to 14 crore was a levelheaded cost for property in industrialized locales of Bangalore that are being renovated.
MD of Phoenix as well said to www.propertykhazana.com that about the firm’s curiosity in GKW’s property bank, GKW had huge zones of property in Mumbai, Pune and Kolkata. GKW group is at present not permissible to put them for auction, no matter how, they could as well think about purchasing them.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in Bangalore

Jun 09, 2017
BREN brings to you unparalleled comfort combined with a lifestyle that embraces modern trends while providing a quality experience. Total Plot..
Jun 09, 2017
Finding a new and never-before living experience has never been so easy. Sri Guru BR Elite presents an expansive array of living options at one of..
Jun 08, 2017
Bren Woods is located in Bangalore and comprises of thoughtfully built Residential Apartments. The project is located at a prime address in the..
Jun 06, 2017
Shriram Summitt, set on 15 acres, offers 1, 2 & 3 BHK units in various sizes. 1 BHK units range from 720 to 780 sq.ft, 2 BHK units from..
Jun 05, 2017
Greetings from the “SHIVA SKANDA RESIDENCY ”!!! Introducing '' SHIVA SKANDA RESIDENCY '' BBMP approved well planned 2&3..
Jun 05, 2017
Vaishnavi Builders, you experience the magic of spaces designed holistically. Each and every element exemplifies a profound understanding of your..
Jun 04, 2017
Greetings from the Grand Gandhrava Apartments Grand Gandharva Luxurues 2 & 3 Bedroom Builder floor Apartments. Located Next to Gopalan..
Jun 04, 2017
Greetings from the Grand Gandhrava Apartments Grand Gandharva Luxurues 2 & 3 Bedroom Builder floor Apartments. Located Next to..
Jun 04, 2017
Discover the Joy of Living in an Environment that’s Sustainable for Ever A Star is Born - Welcome to the Asset Northern Star! Presenting..
spacer

Apartments, Flats and Property for Rent in Bangalore

May 16, 2017
Spread over 6.9 acres of land and comprising of 3 Blocks, SOBHA CLASSIC is strategically located off Sarjapur Road, Bangalore and offers close..
May 15, 2017
Flat for rent in Haralur Road near Kudlu(AECS Layout). East facing 2BHK (1235sq.ft) flat for rent. It is situated on the main road(Haralur Road)..
Apr 23, 2017
As my office is far from Flat, planning to..
Apr 21, 2017
New Era Luxury Hostels for Girls , accommodation for every budget • Brand New building • Spacious and well ventilated..
Apr 19, 2017
2BHK apt for rent, ground floor, car parking, power backup, arkere BPL bus stop, next to Mitra Academy school, Bannerghatta main road, available..
Mar 31, 2017
LEASE OR RENT Near Manyath tech park brand new 2b/r multistory apartment with swimming pool, gym party hall, power backup, car..
Dec 23, 2016
MY 2 BHK SEMI FURNISHED FLAT AT AJMERA INFINITY ( 11 FLOOR, FRONT FACING,GOOD VIEW ) WILL BE AVAILABLE FOR RENT FROM 01 FEB 2017 ONWARDS. IF..
Dec 04, 2016
A safe secure society of defence officers, with clean air and environment. With facilities like, gym, pool, ATM, parking, etc near the..
Sep 30, 2016
Rent - 2 BHK Flat In Kaggadasapura. Available 2 BHK Flat for Rent in..
Sep 30, 2016
Rent - 2 BHK Flat In Kaggadasapura. Available 2 BHK Flat for Rent in..
spacer
spacer
spacer
spacer
spacer