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International fund backed by HDFC invests in Lodha Group

international fund backed by HDFC invests in Lodha Group

Apnaloan.com Research Bureau

20 Apr 2008

An international fund backed by HDFC has invested 45 per cent in a Rs. 250 crore Hyderabad-based real estate project by Lodha group.

Lodha Group has bought 12.9 acres at Eden Square, Hyderabad, from the Andhra Pradesh Housing Board for Rs. 256 crore. The total project cost is nearly Rs. 920 crore.

The group plans to develop a luxury township of 2.5 million sq ft of plush residential and commercial realty.

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