BlackSoil Realty to invest Rs 25 cr in Ahuja Constructions’ residential project
BlackSoil Realty Fund will be investing in Ahuja Constructions' mid-market project, O2. The project consists of 7 buildings spread over 2.5 acres and is scheduled to be completed by 2019.
Nov 30, 2015
Source : ET


MUMBAI: BlackSoil Realty Fund-I is set to invest Rs 25 crore in realty developer Ahuja Constructions' residential project in central Mumbai's Sion locality. 

The SEBI registered Category II alternative investment fund has recently concluded raising Rs 139 crores and is planning to invest the residual amount within the next 12-18 months, the fund said in a statement. 

BlackSoil Realty Fund will be investing in Ahuja Constructions' mid-market project, O2. The project consists of 7 buildings spread over 2.5 acres and is scheduled to be completed by 2019. 

The Fund is promoted by Shashi Kiran Shetty, CMD of Allcargo Logistics, Gnanesh Gala, Managing Director of Navneet Education, and Mumbai based realty expert, Virendra Gala. 

Ahuja Constructions has, so far, developed 44 projects across Mumbai, and is developing around 7 million sq ft including society redevelopment, joint venture and slum rehabilitation projects. 

Latest Realty News

Nov 30, 2015
BENGALURU: The Xander Group, which owns a portfolio of 66 million sq ft worth real estate assets in India, is looking to scoop up more across the retail, commercial and residential segments, the founder of the global investment firm said.
Nov 30, 2015
BENGALURU: The State government has decided not to increase the guidance value of properties in Bengaluru and the rest of Karnataka at least until the state Budget session.
Nov 28, 2015
JAMSHEDPUR: Leading real estate development company Ashiana HousingBSE 2.44 % Limited today expressed confidence that construction work of its ambitious project 'Marine Plaza' here will restart from next month.
Nov 27, 2015
NEW DELHI: With the sentiment among corporates across the country improving, net absorption of office space in India expected to be about 31 million sq ft by the end of 2015, according to a joint study by industry body Assocham and property advisory firm JLL.
Nov 27, 2015
Mumbai, 26th November, 2015: CISCO,delightedly presented‘India Sustainability Leadership Summit Awards’ for the first time in Mumbai today. The award celebrates the highest level of achievement by companies and individuals operating in real estate and infrastructure industry.
Nov 27, 2015
MUMBAI: Prime Minister Narendra Modi's ambitious project Housing For All has the potential to push up the country's economy by 3.5 per cent by 2022 with sectors supplying crucial inputs to the construction industry being the biggest beneficiaries, says India Ratings.
Nov 26, 2015
MUMBAI: In a record-setting transaction, realty developer Lodha Group has sold a super-luxury duplex apartment in South Mumbai's tony Altamount Road locality at Rs 1.60 lakh per sq ft or Rs 160 crore, said two persons familiar with the development.
Nov 26, 2015
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) Nashik recently held a business to business (B2B) meeting with the local real estate brokers in a bid to boost the real estate sector in Nashik.
Nov 25, 2015
NEW DELHI: Financial services group ASK has invested Rs 125 crore more in Noida-based builder ATS Group's 20-acre Le-Grandiose project in Sector 150, Noida, taking its total investment in the project to Rs 252 crore.
Nov 25, 2015
MUMBAI:In the largest commercial space transaction in Navi Mumbai, SBI Life Insurance Company has bought 1 lakh sq ft office space from L&T Realty at its mixed-use project L&T Seawoods Grand Central for Rs 140 crore, said three persons familiar with the matter.

Latest Realty News Of State

Realty Talk's