Satyagriha - if executed will be the largest housing venture in India. The project involves building 3,42,000 homes in 634 acres of land at a tentative cost of Rs 62,000 crore. The project is spread across 15 Indian cities. The homes will be priced between Rs 800,000 and Rs 2,500,000.
The project is being marketed and managed by Bangalore based Asiapac projects and 20 other realty developers are also involved in the same project.
Global PEs - Goldman Sachs, Warburg Pincus, AIG, Lightspeed Ventures and Barings Asia have evinced interest in being equity partners in the project according to our sources. Each of them are likely to invest $300 million.
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