Sidharth Yog promoted, Xander Real Estate fund is close to pick-up 25% stake in Reliance Industries Ltd promoted Bandra Kurla project. RIL had tied-up with Maker group to jointly develop an alternative to Nariman Point. The plot earlier used to host an open air theatre run by Maker group.Insiders claim that the value of the deal could be in the range of $125 Million (Rs 560 crores). The project will have 60% residential accomodation and 25% commercial office space. It is also likely to have commercial retail space which is likely to be filled by Reliance Retail.
Tags: Reliance SEZ, Mumbai Real Estate, Bandra, Xander Real Estate
No comments:
Post a Comment