Residential Entity level, Hyderabad
Project Details:
Asset Class : Entity Level Investment
Land : 150 acres
Leasable / Saleable Area : 2.38 million sq ft (only live projects)
Location : Hyderabad, Andhra Pradesh
Indian Portfolio Company : Saket Engineers Private Limited
Development Partner : Saket Group
Investment Date : April 2008
Completion Date : NA
Funds Invested : EUR 10.13 million
Funds Disbursed : EUR 10.13 million
Equity Stake : 27.25%

Partner Profile

Hyderabad, the financial and administrative capital of Andhra Pradesh is a major manufacturing and trading hub of southern India. The city in recent years emerged as an important IT and Bio technology hub with many major companies setting up their centers in the city.

Saket Engineers Private Limited ("Saket") is a real estate development and management company with over 20 years of track record in Hyderabad. They were pioneers for concepts like custom designed homes, integrated townships and active adult retirement homes in Hyderabad. Saket is currently undertaking a few residential projects and has extensive land banks of over 150 acres across the city. Currently the company has three live projects in Hyderabad– Saket Pranaam , Saket Sriyam and Saket Bhu:Sattva. The Company also has a project in Bangalore, Saket Callipolis. Saket Sriyam (0.4 million sq ft) is amongst the first high rise structures in Hyderabad while Saket Pranaam (0.4 million sq ft) is a project focussed at senior citizens. Construction on both these projects is nearing completion. Approvals for the Phase I (0.3 million sq ft) of the villa development at Bhu:Sattva at Gowdavally in Hyderabad are in place and development work for the same is underway. The requisite approvals for Saket Callipolis (0.3 million sq ft) are also in place and the development work for the project is underway.

Yatra has received EUR 3.02 million as share buyback/share sale proceeds and interest on convertible from this investment.

Copyright © 2008 yatracapital.com . Designed By : Idealake