KepLand to take 49% stake in Mumbai township JV
Investment will cost 4,091m rupees; first such tie-up between a Singaporean developer and an Indian developer for a township in the fast-growing region
Add BT as a preferred sourceSingapore
KEPPEL Land, through its wholly-owned subsidiary Lipalton, will be acquiring a 49 per cent stake in a joint venture with Indian developer Rustomjee Group to develop a 51.4ha integrated township in the Thane district of Mumbai for 4,091 million rupees (about S$78.2 million).
This is believed to be the first such collaboration between a Singaporean developer and an Indian developer for a township in the Mumbai Metropolitan Region, which is among India's fastest-growing regions.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Focus turns to Strait of Hormuz after US and Iran presidents sign ceasefire agreement
Onitsuka Tiger pivots from Asics stripes to tap luxury market
Fall in COE prices across board suggests car, commercial vehicle premiums hitting resistance level
