ANNOUNCING ITS 10^th and 11^th investment in Indian real estate sector, European fund Yatra Capital has invested 28 million euros in two new joint venture projects in Banglore.

The venture fund has million euros in palladium Constructions Pvt. Ltd, for a 30 per cent stake in a mixed- use development and 10.15 million euros in Platinum Hospitality Services Pvt. Ltd for a 30 per cent stake in a hospitality project. Yatra’s joint venture partner in both developments is The Phoenix Mills Ltd.

With these investments, Yatra has so far committed 146.34 million euros of the 220 million euros of the capital raised.

                                                                                Courtesy HT---31March 2008

Buying a newly built home? You could consider purchasing property up to for re- sale in the secondary market. You could get early possession and even a cheaper deal than offered by developers in new project.

The trend will continue for the next 12 to 24 months until the inventory of unsold investor- owned flats remains on the market. Moreover, developers over the next 12 to 24 months will reduce their prices until the re-sale and fresh sale price converge.

                                                                                              Courtesy HT---31 March 2008