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Phoenix Mills’ ISMDPL acquires land in Pune for Rs 1.40 crore

06 Jul 2018 Evaluate

Island Star Mall Developers (ISMDPL), a strategic investment alliance owned by Phoenix Mills and Canada Pension Plan Investment Board (CPPIB) has further acquired an additional adjoining land parcel in Pune for a consideration of Rs 1.40 crore.

Earlier, the said strategic alliance had acquired a land parcel in Wakad Pune for Rs 1.61 billion and has also acquired additional adjoining land parcel in Wakad, Pune for Rs 21.25 crore.

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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