Kumar Builders' Hinjewadi Township & SEZ - Landmark Land Holdings, the real estate investment arm of the Dalmia group, acquires 10 % equity stake :This is the first news about Kumar Builders' township and SEZ in Hinjewadi. We already have two townships in Hinjewadi. Paranjape Schemes' Blue Ridge and Kumar Properties and Avinash Bhosale Groups' Megapolis.
Both townships got very good bookings at the lunch. Property investors are eagerly waiting for the 2nd phase of Blue Ridge's bookings to open. Megapolis' 1st phase is almost booked.
Soon, mostly in the last quarter of this year, Kolte Patil's Hinjewadi township and SEZ will be launched. By that time, Nanded City Pune will also open 2nd phase of booking. Hinjewadi and west side of Pune, is going to become a center of real estate investment in Pune real estate market.
An Integrated Township & S.E.Z. at Hinjewadi:The envisaged project size is 124 acres of land, with a saleable area of around 10 mn. sft. and an expected revenue in excess of USD1 billion. Landmark Land Holdings Pvt. Ltd. has acquired approximately 10% Equity in the project for an undisclosed sum, with an option for additional investment upto 49% in the SPV.
The project site is 2.5 kms. away from the Mumbai-Pune Expressway, and adjacent to the Rajiv Gandhi Software Technology Park. It is regarded to be one of the best locations in Hinjewadi, and is in the neighborhood of I.T. giants like Infosys, Wipro Geometrics, Tata Technologies, Cognizant, etc.
Pune - IT Destination:Landmark is quite bullish on Pune as a destination, which is emerging as an alternative I.T. hub. With its proximity to Mumbai, and with Bangalore & Mumbai's resources having been tapped to saturation levels, it is envisaged that the migration of several I.T. companies here is slated to be an ongoing process. The second largest campus of Infosys is located in Pune.
Real estate investment arm of Dalmia Group:Landmark Holdings, as per the it's website, was formed as a focused real estate investment vehicle of the Dalmia Group in 2002. Landmark invests primarily in residential developments, and opportunistically in commercial and retail projects.
Landmark estimates that it has invested in projects whose total post-development liquidation value is approx. $6 billion. While a majority of its current interests are in North India.
Gaurav Dalmia - Founder and Chairman of Landmark Holdings:Gaurav Dalmia is a member of a leading industrial family in India, with substantial business interests mostly in India, UK and USA. The Dalmia Group has interests in cement, industrial ceramics, chemicals, real estate, information technology, investments, engineering and trading.
Mr. Dalmia sits on the Boards of various companies and investment vehicles in India, Europe and the US. He was selected by the World Economic Forum as a Global Leader for Tomorrow for the year 2000. He has a BS in Computer Science from Salford University in the UK (Ranked 1 in 200) and an MBA from Columbia Business School (top 5% of class).
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