Peninsula Brookfield Invests 95 crores in Mahaveer Group

Source: Economic Times
Date: 03-02-2016
Private equity funds look for investment opportunities in Bengaluru; the fastest growing city in India. Peninsula Brookfield Real Estate Fund has invested 95 crores in Mahaveer Group residential projects. Peninsula Brookfield is a private equity fund; a joint venture of Peninsula Land Ltd and Brookfield Asset Management. Bengaluru leads in the mid-income investment category. Bengaluru stays ahead of other cities in home sales. Clearly, Peninsula Brookfield investment in Mahaveer residential projects marks a strategic move. The investment, in the form of non-convertible debentures, will finance construction of 5 ongoing Mahaveer residential projects at an advanced stage of construction totaling 1.5 million Sq.ft. Ongoing Mahaveer projects include the state-of-the-art affordable premium homes such as Mahaveer Ranches, Celesse and Promenade. Mahaveer is setting a benchmark in the real estate space in Bengaluru with affordable quality homes in the most sought-after locations in the city. Peninsula Brookfield Invests
95 crores in Mahaveer Group