Landmark Land Holdings Acquires Stake in Pune's Hinjewadi SEZ
Landmark Land Holdings Pvt Ltd, the real estate investment division of the Dalmia group, has secured a 10% equity stake in an Integrated Township and Special Economic Zone (SEZ) project located in Hinjewadi, Pune. This ambitious undertaking is being spearheaded by Kumar Builders.
Project Details
The proposed SEZ will encompass 124 acres of land strategically positioned adjacent to the Rajiv Gandhi Software Technology Park at Hinjewadi, as revealed in a Landmark press release on June 30th. The project anticipates generating revenues exceeding one billion dollars.
While the financial specifics of the deal remain undisclosed, Landmark retains the option to augment its stake up to 49% in the future, suggesting a deeper involvement down the line. This strategic move by Landmark highlights the substantial potential they foresee in the project.
Landmark's Portfolio
Currently, Landmark has an impressive roster of 20 ongoing development projects. These projects represent a combined sales value of five billion dollars, underscoring Landmark's significant presence and influence in the Indian real estate arena. This latest acquisition further strengthens their diversified portfolio and reinforces their commitment to high-value projects.