30th JUNE 2019

JM Financial and Suraksha ARC invested INR 2,000 Cr in Unitech INSIGHTS FROM INDIA'S
Group PREMIER REAL ESTATE
JM Financial and Suraksha ARC has invested INR 2,000 Cr in Unitech INVESTMENT
Group. The investments made are in the form of working capital for MANAGEMENT FIRM
completion of the pending projects. JM Financial will fund 16 projects
while Suraksha ARC will fund 7 projects. Unitech Group has 52 pending
projects and is scouting for more investors to secure another INR www.meraqiadvisors.com
1,000 Cr for repaying the pending claims.

ILodha Group & ESR India to develop 89-acre industrial park at Palava
City, Navi Mumbai at an investment of USD 100 million
Lodha Group has entered into a joint venture with ESR India to develop
an 89-acre industrial park – 'ESR-Lodha Industrial Park' at Palava City,
Navi Mumbai. The industrial park will comprise of 17 buildings and host
non-polluting manufacturing industries, logistics and warehousing. The RESEARCH PAPERS
project will be developed in three phases and is expected to be
complete in 30-36 months’ time. The park will be developed at a total REFERENCE

investment of USD 100 million.

INDIA

Kamal Amrohi's studio in Mumbai to be redeveloped into a 7 million

Regulatory Requisites &
HOSPITALITY
Development Cost Analysis INDUSTRY
Handbook
JANUARY 2019

sqft commercial project

Bangalore | March 2019

RMZ Corp, Avinash Bhosale Infrastructure and DB Realty is

redeveloping 25-acre Kamal Amrohi Studios in Mumbai to a 7 million
sqft commercial project. The project is valued at INR 21,000 Cr (USD 3
billion). Avinash Bhosale Infrastructure and DB Realty is buying the HOUSING FOR ALL BY 2022:
A REALITY CHECK

shareholding of the Amrohi family as well as settling all pending legal

cases. RMZ Corp will have a 55% stake in the project while Avinash
Bhosale Infrastructure and DB Realty, the remaining 45%. The project
has received layout sanctions and work is scheduled to begin by end
of 2019 and is expected to be complete in the next 5-7 years time. October 2018

Runwal Group bought 8.3-acre land parcel from Cable Corporation of

India for INR 530 Cr
Runwal Group has bought 8.3-acre land parcel in Borivali, Mumbai
from Cable Corporation of India. The deal is valued at INR 530 Cr. The
company plans to develop a mixed-use project with total developable
area of 1.5 million sqft.

JM Financial invested INR 40 Cr in co-living space provider Isthara

Parks
JM Financial has invested INR 40 Cr (USD 5.7 million) in Isthara Parks,
Coimbatore-based co-living space provider. The funding will be
utilized for expansion in the existing markets - Hyderabad, Bangalore
and NCR initially as well as in other key cities in Asia henceforth.

Ascendas India Trust buying 1.8-million sqft BlueRidge Phase III in

Pune
Ascendas Property Fund Trustee, the trustee-manager of Ascendas
India Trust (a-iTrust), has entered into an agreement with Nalanda
Shelter and Brickmix Developers to acquire BlueRidge Phase III in
Hinjewadi, Pune. The project will have total leasable area of 1.8 million
sqft and will be developed over two phases comprising of two
buildings and a cafeteria. The investment will be initially in the form of
debt to be utilized towards repayment of existing liabilities and as
construction loan. The forward purchase acquisition will be concluded
after project completion and will be subject to receipt of occupancy
certificate and other key conditions.

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