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Trikona invests on Uppal Group Realty projects

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Trikona Capital, a property management company makes investments on realty ventures with different developers across the country, through 2 funds in United Kingdom and the United States. Trikona Capital has obtained 33% partnership share in the Delhi based realty developer Uppal’s Group, for its SEZ project in Haryana for around $50 million. The major stake is hold by the Uppal Group and the SEZ is in possession of the SPV. The source claimed at the www.propertykhazana.com said that the proposed SEZ venture is near to the Shikopur region in Haryana and will spread across 68 acres.
The SEZ project is cleared by the Board of Approvals and the Haryana Government has notified the proposed project. The source further added that Trikona Capital has invested in the Uppal Group which is roughly about Rs. 210 crores.
If the revealed information is true then this is the 2nd investment from the Trikona Capital in Uppal Group project and earlier Trikona had invested USD 58 Million on Uppal’s IT park which was executed by the Panthera Developers.
Further the sources added at the www.propertykhazana.com said that Uppal Group has so far developed residential and commercial ventures in and around the NCR region. Presently the company is interested on development of commercial realty projects in almost all the Tier-2 and Tier-3 cities in North India.
Source: NBTVLIVE

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