Investment by Godrej for acquisition of land from Purvankara Group for development of commercial complex in Bangalore

J. Sagar Associates advised and assisted Godrej Fund Management, the real estate focused private equity arm of the Godrej Group, for an acquisition by GBTC II (Asset A) Pte. Ltd (an investment vehicle under the build-to-core office platform set up along with investors in early 2021) of 100% shareholding of Vagishwari Land Developers Private Limited (Company) from Puravankara Limited, a Bengaluru based real estate developer. The Company holds a land parcel of around 4.45 acres in Hobli, Bangalore with 1 million sq ft development potential, which will now be used for development of a commercial complex by the Company.

JSA team comprised of Lead Partner – Rupinder Malik, Partner – Rajul Bohra and Senior Associate – Abin Francis.