Real-estate firm DS Kulkarni Developers Ltd said on Wednesday that it has sold 50% in a unit setting up a premium Bangalore residential project to ICICI Prudential PMS Real Estate Portfolio, for 350 million rupees. ICICI Prudential PMS has invested in the project at the land acquisition stage.
Last week, D S Kulkarni sold 50 % in a unit setting up a SEZ in Pune to GTC Cyprus for $90 million. Ahead of the announcement, DS Kulkarni shares ended at 95.30 rupees, up 2.2 % in a strong Mumbai market.
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That’s gud news for the ICICI pudential investors because the value will be increase definately because D S Kulkarni project is going to be boom for the future level