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Private Equity | 22 November 2011

Pragnya Advisors Invests $5Mn In Township Project In AP

by Charmi Gutka
Pragnya Advisors Invests $5Mn In Township Project In AP
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Pragnya Advisors Pvt Ltd has invested $5Mn in a 50 acre integrated township project in Rajahmundry, Andhra Pradesh.

It has also invested an undisclosed sum in the residential portion of a premium mixed-use project in Columbo.

Pragnya Fund, a Mauritius based private equity fund with target investments in Indian real estate, has been sponsored by Subba Rao Dukkipati and Gopal Menon. The fund has been in the real estate investment business in India and Sri Lanka since 2005-06.

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