Unitech Corporate Parks Plc, the real estate investment company listed on London’s Alternative Investment Market is planning to put one of its largest assets in India on the block with a valuation of Rs 30bn, according to reports.
Reports said that Infospace Dundahera, coming up in the 28-acre IT-SEZ in Gurgaon near Delhi, is expected to be completed by end of 2013.
The project is being developed by the local land owner and the company and 28% of the proceeds from monetisation will go to the land owner, says report.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.