The developers residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord. As per this agreement, the developer will be responsible for all planning, design, approvals, execution, branding, and sales efforts. The pact stipulates that K Raheja Corp is expected to complete the project within five years.
ASK Property Fund, backed by Blackstone, will invest Rs 120 crore from ASK Real Estate Special Opportunities Fund IV in Trevocs luxury residential project in Gurgaon. The project comprises over 175 residential units and is located in a prime location.
County Group plans to invest over Rs 5,000 crore in the development of the ultra-luxury residential apartment complex Ivory County in Sector 115, Noida. The project will consist of 2372 units, developed in three phases, with a revenue potential of Rs 7,500 crore. The project is aimed at luxury and ultra-luxury end-users.
The project TARC Kailasa is spread on 6 acre land parcel and will have 5 high-rise towers beautifully designed by Andy Fisher Workshop – Singapore. The company has appointed Arabian Construction Company as its construction contractor considering their expertise in high-rise construction and the large number of delivered projects all across India and also UAE.
Real estate private equity firm HDFC Capital Advisors is backing the project with a financing of Rs 200 crore. This is the second investment the developer has secured from HDFC Capital under a Rs 500-crore residential housing platform that was by both the entities in 2019. Last year, HDFC Capital secured a complete exit from its first investment of Rs 135 crore made through this platform.