News & Views on Indian Real Estate

Wednesday, April 30, 2008

JP Infra to raise Rs 200 crore

Ahmedabad-based realty player JP Infrastructure Pvt Ltd (JPIPL) is in advance stages of talks with a leading PE fund to raise close to Rs 200 crore. The company is also planning to come out with an initial public offer and had appointed Cushman & Wakefield in December last year for valuation of its assets.
The realtor is aiming to divest about 10 per cent, sources said. The company will have six months to one year’s time to come out with an IPO while making way for the PE firm to exit. Meanwhile, it is planning a mega township project in Ahmedabad, retail malls in Vadodara and Surat, corporate park in Lower Parel in Mumbai.

Ashwin Kandoi said...

Thank you for your comments on http;//nashikcity.blogspot.com/

Would you like to do a guest post on this blog

Rajani said...

Small cities like ahmedabad, raipur, ludhiana, chandigarh, jaipur are becoming the great investment hubs slowly. Big realty names are showing their interest in to such cities.

' said...

now a days real estate developers are moving to small cities bcz the goverment of these cities providing them many facilities and providing them good infastrutacure

Vikas Bamotra said...

The Hyderabad is very growing very fast because most of IT companies are targeting hyderabad thats y infrastucture of hyderabad is improving

Anonymous said...

I really like your blog it’s excellent…

Plz share more about India real estate growth in this ression