New York-based Vornado Realty Trust, a leading operator of office buildings in the US, and Uppal Group, an Indian real estate player is forming a joint venture to fund a 263 acre-tax-free enclave in Gurgaon. The enclave will require a massive investment of Rs. 5000 crores and house information technology and other exclusive service businesses. Vornado will acquire a 50% stake in the project. The project will be paid for through a number of debt, internal accruals, and equity from both companies.
Read the article in Indianrealtynews.com.
Showing posts with label Vornado Realty Trust. Show all posts
Showing posts with label Vornado Realty Trust. Show all posts
Monday, February 19, 2007
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