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Construction : Web Exclusive | October 2014 | Source : Construction Update

Singapore based Superior Investments Pte buys stake in residential project in Whitefield

Singapore based Superior Investments Pte. Ltd and HDFC Investment Trust II have invested Rs 600 crore in a residential project in Whitefield, Bangalore, being developed by Sterling Gated Community Pvt Ltd (SGCPL) is developing a residential project in Whitefield, Bangalore. HDFC Investment Trust II and Singapore based Superior Investments Pte. Ltd hav e invested Rs 600 crore in this project through NCD’s which carry a rating of CARE BB+ by CARE. BMR Advisors were the transaction advisors. J Sagar Associates advised Sterling Urban on the legal front. Sterling Urban, a JV floated by HDFC Property Fund (a subsidiary of HDFC and Sterling Developers, is the land owner entity.
 
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