Hindustan Times Media Limited has purchased 0.65% stake in real estate foremost Sunil Mantri Realty for twenty crore rupees, which will be used by the latter to finance new projects.
Taking about the contract, Sunil Mantri Realty’s chief financial officer Mr. R. Arora said that this collaboration will enable the organization to achieve further planned goals of future. Sunil Mantri Realty has residential and commercial developments in Mumbai, Hyderabad, Pune, Bangalore, Solapur, Nagpur and Gwalior.
The company had recently signed a memorandum of understanding with MSC Cyberport Sdn Bhd Malaysia to work together in the development, construction, marketing and funding of Bandar MSC Cyberport, which is a 6534000 square feet project.