New Delhi: The Dalmia Group’s private equity firm Landmark has left a real estate project in NCR after getting three times of its investment of Rs 111.26 cr in six years. It has quieted the Wave Group’s project in Ghaziabad spread over 4,500 acres at Rs 350 crore.

The Landmark has earned huge 3.16 times in the slow down where the other PE investors are struggling to earn their investment back.

The first phase of the project will have 20,000 units, out of which 4,000 units are ready to be delivered. The housing unit will have a total of 75,000 units.

The firm infused in the township in 2007 in the form of equity and it was bought back by the Wave Group. Landmark had also exited two more investments earlier this year. The infusion in the ATS group, given 2.3 times f the investment, while the other Shipra’s housing project earn 2.10 times from its initial project.

Landmark has also invested with developers such as Ansals, Wave, Parsvnath, Forum, Pioneer, ATS and Kumar Builders. It has also invested in 25 projects as equity or a quasi-equity investor.

The developers are finding it hard to raise the sales in a slow market. Due to the slowdown in the realty market, the inventory levels have also risen.