Categories: Awards

Mantri Developer receives INR 145 crore from KKR for Bangalore Project

Bangalore, May 23, 2016: Mantri Developers Private Limited (“Mantri Developers”)has signed a definitive agreement with leading global investment firm KKR under which KKR will invest INR145 Crore in a luxury residential project in Bangalore developed by Mantri Developers

The development spans 1.3 million square feet of premium residential apartments.

Sushil Mantri, Chairman and Managing Director of Mantri Developers, said, “We are thrilled that a global investor like KKR has shown confidence in our high-end project and is confident about the real estate market in Bangalore.”

Sanjay Nayar, CEO of KKR India, said, “We are focused on providing long-term solutions to India’s real sector by financing the projects of experienced partners like Mantri Developers. This investment marks the start of a relationship with Mr. Sushil Mantri and his team, and underscores our confidence in Bangalore’s real estate sector and economic prospects.”

Corporate Comm India (CCI Newswire)

The Property Times News Bureau

Recent Posts

Line Investments & Property SP LLC Triumphs with 21Awards at MECS+R MENA 2024

Riyadh, November 07, 2024: Line Investments & Property SP LLC, a prominent subsidiary of LuLu…

14 hours ago

Intellion Offices by Tata Realty & Infrastructure Ltd Posts 60% YoY Growth in GCC Absorption

First half of FY 25 continued with strong GCC demand with 80% contribution in space…

14 hours ago

Champion REIT Recognised as ‘GRESB Global Listed Sector Leader’

- Sustainability Leadership Shines in 'GRESB Real Estate Assessment' and 'GRESB x HERA Standing Investment…

1 day ago

GCCA India joins hands with Xynteo’s Build Ahead coalition to decarbonise India’s construction sector

Mumbai, November 06, 2024: The Global Cement & Concrete Association (GCCA) India and Xynteo announced…

1 day ago

Sohna emerges as new micro-market in Delhi-NCR; set to add 16000+ residential units in 3 years

New Delhi, November 05, 2024: Haryana’s Sohna is emerging as a new micro-market in the…

2 days ago

Neo Developers Pvt Ltd. Appoints Manpreet Kaur as President – Sales

New Delhi, November 04, 2024: Neo Developers, a leading real estate company has announced the…

3 days ago