Wednesday, July 4, 2012

Opinion of Commonfloor.com on investment by Godrej Properties in different ventures- Legallyindia

LegallyIndia has recently published an article piece on investment by Godrej Properties in different ventures and also the opinion of Commonfloor.com on it.  

J Sagar Associates (JSA), Nishith Desai Associates (NDA), Fox Mandal, international law firms Linklaters and two European firms, advised a consortium of investors led by Dutch pension services provider APG, in their Rs. 770 crore ($141m) co-investment in Godrej’s Indian residential projects.

The deal represents a shift in focus for Godrej Properties, from joint ventures and joint development, to purchasing land parcels, according to real estate website Commonfloor.com.

Godrej Properties will be the sole developer of the residential properties, in return for a development management fee. Alongside the Dutch funds, real-estate developer Godrej Properties and global real estate fund-of-funds Sparinvest Property Funds II also invested into the project.

To read more about it, Click Here!

11 comments:

Carla said...

I firmly believe that projects should be supported by people who have money and want to make the real estate market more dynamic. In Argentina, for instance, houses and apartments are not only "used" to live in, but many people own them to rent them to tourists, for speculations, or simply as an investment like a share would be in the stock market. I knew somebody there who has an apartment for rent in buenos aires that he bought for little money when it was being built and now he sells it for a lot more. It is a business!

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rajni sharma said...
This comment has been removed by the author.
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