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DS Kulkarni + GTC Real Estate Pune SEZ

November 23, 2007

DS Kulkarni Developers has executed a term sheet with GTC Real Estate NV of Netherlands for joint development of 250 acre Multi Services SEZ at Pune.

The said project is proposed to be developed in SPV company to be equally owned by the company and GTC. GTC shall invest approximately US $ 96 million into this project in a phased manner.

In a separate development, Bangalore based Purvankara Projects has pipped out DLF in the prestigious 30 acre land deal at Hyderabad.

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