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Citibank arm buys 5% in Delhi based real estate major BPTP Ltd
Tuesday,21st August 2007
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Hong Kong-based CPI Citi Group, investment arm of
Citibank, has invested Rs 325 crore in Delhi based real estate major BPTP for
developing a township on 1,500 acre of land in Nahar Par area,
Faridabad. The company has acquired the land and has already built a bridge over the canal to connect sector 13 and 14 of Faridabad to the new area under development. The group is also developing a number of projects in Gurgaon. Besides IT Park, the company is developing residential projects in Sector 10, Gurgaon. It also has projects in Noida and Greater Noida. |
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