#RealtyNewsRoundUp: Mantri Developers Raises Rs 165 Cr To Finance Projects In Bengaluru

Realty News Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

The Bengaluru headquartered Mantri Developers has raised Rs 165 crore from Piramal Fund Management in two transactions, The Economic Times reported. This will be used to finance two projects, including a residential property in Manyata Tech Park in Bengaluru, which received Rs 100 crore. Read more

Infrastructure major Jaypee Group is planning to sell its entire stake in the 165-km Yamuna Expressway project, according to a report by Mint. This comes after a year-long effort to sell a partial stake in the asset failed to materialise, the report added. The group is in talks with IDFC Alternatives and I Squared Capital to sell the six-lane toll-based project in Uttar Pradesh that connects Noida with Agra along the Yamuna river. Read more

Chinese real estate developer Dalian Wanda Group is likely to invest around US$ 1 billion in Haryana, says a PTI report. The company plans to build a mega industrial township in the state. Haryana Chief Minister will be visiting China in January, and the MoU with the Wanda Group chaired by Wang Jianlin may be signed during the visit, the report added. Read more 

Off the frontpage

To fund its township project in Ghaziabad, Prateek Group has raised Rs 100 crore from investment firm Xander group's Non-Banking Financial Company (NBFC) arm Xander Finance, according to The Economic Times report. Read more

Lodha Developers will go ahead with its public equity offering to raise around Rs 2,500 crore in 7-8 months' time, according to a Business World report. The due diligence process for the public issue had been set in motion, said Abhishek Lodha, MD of Lodha Developers. Read more