MoneyWorks4Me

Phoenix Mills’ arm acquires additional land parcel in Pune for Rs 21.25 crore

06 Oct 2017 Evaluate

Island Star Mall Developers (ISMDPL), a strategic investment platform owned by Phoenix Mills and Canada Pension Plan Investment Board (CPPIB), has acquired an additional adjoining land parcel in Pune admeasuring approximately 1.8 acres for a total consideration of Rs 21.25 crore on October 4, 2017.

Phoenix Mills is engaged in property development in India. Its activities include planning, execution, and marketing of projects, property rental and management, and maintenance and sale of the completed properties.


Peers
Company Name CMP
Lodha Developers 1064.00
Prestige EstatesProj 1412.65
Dilip Buildcon 395.05
DLF 646.50
Oberoi Realty 1697.70
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