Tag Archives: Realty Firm

Essar Arm Wins Nagpur Hotel Project

August 4, 2008 – 1:01 am

Essar Realty Holdings—the real estate arm of the Essar Group—has won the bid for building a Rs 500-crore five-star hotel, utility centre and a multiplex at the upcoming Multimodal International Hub Airport in Nagpur.
The realty firm has also formed a joint venture with the US-based hospitality group Accor Hospitality to develop and manage the hotel [...]

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JP Morgan Chase Buys 33% In Alok Infra’s SPV

July 23, 2008 – 7:10 am

Global financial giant JP Morgan Chase is investing Rs 130 crore for 33% stake in an SPV of realty firm Alok Infrastructure, a wholly-owned subsidiary of Mumbai-based textile maker and retailer Alok Industries, according to banking sources.
Alok Infrastructure’s SPV, which is receiving the JP Morgan funding, will develop a realty project at a prime location [...]

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