Realty firm Parsvnath Developers has sold 140 acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects.
With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012.
According to sources, Parsvnath has entered into agreement with another builder Supertech, selling the land for Rs 665 crore. Of 140 acre, 100 acre is licensed and the approval for 40 acre is expected shortly. Read More..