Wednesday, August 6, 2008

DS Kulkarni Developers sells 50 percent stake in premium housing project in Bangalore to ICICI Prudential PMS Real Estate Portfolio for Rs.35 crore

According to a company statement, ICICI Prudential PMS has invested in the joint venture (JV) firm, DSK Southern Projects at the land acquisition stage.

Last week, the Pune-based real estate firm sold 50 percent stake in a special economic zone (SEZ) project in Pune to Kardan Group company, GTC Cyprus, for $90 million.
- International Business Times -


  1. After seven years of hectic activity, the Bangalore real-estate market is hesitant, perhaps more on the part of bulk investors than serious home buyers. Blame it on the rising inflation or the economic crisis in the US. Like other locations, Bangalore real-estate, termed ‘hot’ by leading realty consultants, seems to have cooled off in the last few months. Though property prices have not seen a dip, home sales has come down “at least by 50 per cent”, say consultants. Certain Grade ‘A’ developers have experienced a sustained drop of around 50 per cent on the monthly level of bookings compared to what they enjoyed prior to December 2007. First-home buyers, it seems, are still interested in the market, though it is the second- or third-home buyers who are shying away. However, reputed developers offering homes in booming locations in the city are still selling.For more view-