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News & Views on Indian Real Estate

Tuesday, May 27, 2008

Landmark To Come Up With Twelve New Projects


Real estate developer Landmark Group would invest over Rs 4,000 crore in developing 12 properties across the northern region in the next 3-4 years. The company would fund the projects through internal accruals and raisings from private equities. Though the prime source of funding for these projects would be company’s own resources but it will also encourage private equity players' participation. The NCR-based firm has planned to develop three hotels, two five star and one budget hotels in the next three years, which could entail an investment of about Rs 700 crore. Landmark Group is developing a 3,000-room five-star hotel in Dharuhera and a budget hotel in Gurgaon with about 120 rooms. Besides these projects, Landmark Group is currently developing 600 flats in a residential project at Gurgaon. Landmark Group has posted a turnover of Rs 430 crore during the last financial year. The net worth of the company, at present, stands at about Rs 1,350 crore.

Manish said...

Please give some more information that in which Particular northern area Land mark will invest the above said amount.

Architectse said...

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