Real Assets

Parsvnath Developers has put a 1.18 acre of prime commercial land near Connaught Place in New Delhi up for sale. The company has appointed Jones Lang LaSalle India to handle the process.

Shasun Pharmaceuticals Limited has sold its Velachery land for R29Cr to ITC group, according to BL.

Red Fort Capital Advisors is investing Rs250Cr in Omkar Realtor's slum redevelopment project in Malad Mumbai.

HDFC Real Estate Fund may invest upto $41Mn in ATS Infrastructure's residential project. ATS Infrastructure is building two residential projects in Gurgaon with an investment of over Rs540Cr. The company plans to complete the projects in three years.

Sobha Developers has bought out it's partner Pan Atlantic Investments in its SPV - Sobha Developers Pune Ltd for an undisclosed amount. Sobha had acquired 40.5% stake in the SPV from Pan Atlantic Investments in July this year.

Bennent Coleman & Co Ltd has acquired stake in Investor Clinic Infratech Private Limited.

HDFC Property Ventures has exited L&T Urban Infrastructure Limited by selling it's 10.1% stake to the promoter - L&T Infrastructure Development Projects Ltd for Rs122Cr.

HDFC India Real Estate Fund LLC is investing $90Mn for a 40% stake in an upcoming IT park near Bangalore airport. The 200 acre project which will be completed in nine years is being developed by Embassy Property Development Ltd.

Oberoi Realty Limited has bought out ICICI Venture Funds' 50% stake in their JV I-Ven Realty Ltd for about Rs300Cr.