Landmark Group to invest Rs 4k cr in 12 projects
Real estate developer Landmark Group on Thursday said it would invest over Rs 4,000 crore in developing 12 properties across the northern region in the next 3-4 years.
By TNN |
NEW DELHI: Real estate developer Landmark Group on Thursday said it would invest over Rs 4,000 crore in developing 12 properties across the northern region in the next 3-4 years.
���Currently, our 12 projects are undergoing in the North, which will be completed in the next 3-4 years. We will be investing about $1 billion in developing these projects,��� Landmark Group director Amit Kumar said. The company would fund the projects through internal accruals and raisings from private equities, he said.
���We will try to fund our projects through our own resources, but also, we do not mind private equity players��� participation. Starting from 25%, we are ready to sell up to 40% to PE players in different projects,��� he added.
The NCR-based firm has planned to develop three hotels, two five-star and one budget hotels in the next three years, which could entail an investment of about Rs 700 crore.
Landmark Group is developing a 3,000-room five-star hotel in dharuhera and a budget hotel in Gurgaon with about 120 rooms. The other five star hotel would come up at Bawal in Haryana, Mr Kumar said.
���Currently, our 12 projects are undergoing in the North, which will be completed in the next 3-4 years. We will be investing about $1 billion in developing these projects,��� Landmark Group director Amit Kumar said. The company would fund the projects through internal accruals and raisings from private equities, he said.
���We will try to fund our projects through our own resources, but also, we do not mind private equity players��� participation. Starting from 25%, we are ready to sell up to 40% to PE players in different projects,��� he added.
The NCR-based firm has planned to develop three hotels, two five-star and one budget hotels in the next three years, which could entail an investment of about Rs 700 crore.
Landmark Group is developing a 3,000-room five-star hotel in dharuhera and a budget hotel in Gurgaon with about 120 rooms. The other five star hotel would come up at Bawal in Haryana, Mr Kumar said.
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