Landmark expands footprint to Pune

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Landmark Land Holdings Pvt. Ltd., the real estate investment arm of the Dalmia group, has made a foray into Hinjewadi, Pune. It has finalized a deal with Kumar Builders, one of the prominent realty players, to invest in an Integrated Township & S.E.Z. project 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 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.

 

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.

 

Landmark's development partners, Kumar Builders, are the leading developers of Pune. Kumar's product offerings command a considerable premium in the market. They have an enviable track record, having successfully completed over 100 projects, with another 30 projects in the pipeline.

 

Prior to this investment, the Landmark group already has in its portfolio 20 ongoing projects, which are pan-Indian in their scope and spread, with a total sales value in excess of USD 5 billion. 

 

Sourced From: Landmark Land Holdings Pvt. Ltd