Tag Archives: Southern Cities

HDFC Property To Buy Into Nitesh Mall

August 4, 2008 – 12:52 am

HDFC Property Ventures is investing $20-25 million into South India’s largest central business district (CBD) mall developed by Nitesh Estates in Bangalore. The move probably marks the $900-million HDFC Property Ventures’ foray into retail infrastructure in a rather tight-market environment.
HDFC Property Ventures will pick up around 20-25% stake in the 6-lakh sq ft Nitesh Mall, [...]

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Citi realty arm to buy 10% stake in Golden Gate for Rs 400cr

April 17, 2008 – 6:35 am

Citigroup’s real estate arm is set to invest around Rs 400 crore in Bangalore-headquartered Golden Gate Properties for about 10% stake.
The deal is expected to value the tier-II real estate firm at a little over $1 billion. This marks Citigroup’s back-to-back deals in the domestic real estate space in the last fortnight. Early last week, [...]

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