Raheja Developers, the Delhi-based company, plans to create a SPV within its
257.5 acre-Gurgaon engineering SEZ project, and partner an industrial company
for co-development of the space for factories and affordable housing units. The
remaining part of the SEZ project will continue under Raheja SEZ.
According to sources, the company is in an advanced stage of discussion with
an industrial house for a 50:50 JV, but cannot reveal the name yet.
Raheja hopes to raise Rs 300-500 crore of debt in the next two-three months
for complexes and processing units.
Also See:
Raheja
Developers plans engineering SEZ at Gurgaon (22-Aug-09)