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Citibank arm buys 5% in Delhi based real estate major BPTP Ltd

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 in Faridabad

Apnaloan.com Research Bureau

21 Aug 2007

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.