Township Project On Joint Development In Bangalore, India
Background
• Project is a 100 acre residential and commercial • This township is a joint development (JD)
Overview of the Opportunity
The existing promoters intends to seek a strategic/ financial partner
Project Advantages
• The project of the company has the right mix – Mall, Hotel, Convention centre, Commercial
Scope for future development
• Large IT campuses in the neighborhood substantially decrease the marketing risk of the project • Scope for flexible planning for future development on the vacant land • Lower completion period as the construction has already commenced
Future Proposition
• The promoters are intending to seek an IT/ ITES SEZ approval for the project to increase the attractiveness for investment into the company • The said mix of the composite project qualifies for the SEZ approvals and the tax benefits under SEZ significantly improves the rental yields to the company as well as the capital values
The composite real estate development ensures superior