Delhi, India

Sobha Developers receives INR 43 crore FDI for residential project at Bangalore

Sobha Developers has received INR 43 crore of foreign investment for setting up a residential project in Bangalore, reports The Economic Times.

According to Sobha Developers’s filling statement to the Bombay Stock Exchange, “the company has received Foreign Direct Investment from Dubai-based Pan Atlantic LLC totalling for a 40% stake in a Special Purpose Vehicle (SPV)”, states Mint.

GOVERNMENT DECISION

Gujarat Government has made the land acquisition for few sectors easier

As reported in Business Standard, Gujarat Government, in order to speed up project implementation of IT, biotech as well as agro and food-processing activities, has decided that corporates or individuals need not wait for NA permission to start their projects. As per the notification, "deemed NA" status to agriculture land purchased by any corporate or individual for industrial activities in these sectors will be given.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 11,000 employees span the world in 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet, and has revenue of over USD 2 billion.

Contact Information

India.Research@colliers.com

 back to top