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.