» Parsvnath Developers buys into Sabeer Bhatia’s project
Realty firm Parsvnath Developers Ltd. is investing Rs400 crore as equity and debt for a 38% stake in Nano City Haryana Infrastructure Ltd. Nano City is being promoted by Hotmail co-founder Sabeer Bhatia. Parsvnath’s equity infusion of Rs41.1 crore puts the equity capital of Nano City at Rs110 crore. The proposed township will be developed in two phases over the next 10 years.
» Polaris to foray into real estate business
Mid-tier IT firm Polaris Software Labs has got board approval to set up real estate business. However, the firm doesn't‘ have any mega plans for its property foray. To begin with, Polaris will only sell or lease the land it owns in Chennai and Gurgaon.
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