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Lodha Group receives Rs.250 crore investment from HDFC

Friday, 18 Apr 2008
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Mumbai-based Lodha Group has received a Rs.250 crore investment from the HDFC sponsored real estate fund in one of its special purpose vehicle in Hyderabad.

Under the transaction, the HDFC funds will buy 45 per cent stake in Lodha's SPV for development of the Group's luxury residential and commercial project in Hyderabad. Mumbai-based Trustcap acted as the sole advisor to this transaction.

The Group plans to develop a luxury township offering over 2.5 million sq.ft of residential and commercial complex.

 

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