Landmark Land Holdings Pvt Ltd, the real estate investment arm of the Dalmia group, has acquired 10 % equity stake in an Integrated Township and Special Economic Zone (SEZ) project at Hinjewadi, Pune, being developed by Kumar Builders.
The proposed SEZ will be established in 124 acres of land, adjacent to the Rajiv Gandhi Software Technology Park at Hinjewadi, a Landmark release on 30th june said. The project is likely to generate revenues in excess of one billion dollar.
However, the company did not specify the size of the deal. Landmark will have an option to increase its stake to 49 % in the future.
Landmark has 20 ongoing projects under development, which have a sales value of five billion dollar.