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INDIAREIT
Offshore Fund and Indiareit Fund - Scheme I, real estate private equity
funds with a joint corpus of approximately USD 300 million, made an investment of approximately USD 61 million in a project involving
development of Special Economic Zone and residential/commercial township
in Pune by Paranjape Schemes (Constructions) Limited, one of the
renowned real estate developers in Pune, Maharashtra. We,
at Nishith
Desai Associates, acted as legal counsel to INDIAREIT Offshore Fund
and Indiareit Fund - Scheme I for this investment. |
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