Adani Realty Enters into Joint Venture with Brahma Management

Adani Realty Enters into Joint Venture with Brahma Management

Adani Realty Partners with Brahma Management for Township Project in Gurgaon. Adani Realty, a subsidiary of Adani Enterprises, has joined forces with Brahma Management to develop a large-scale township project in Gurgaon, Haryana. Adani Realty Enters into a Joint Venture Deal in Gurgaon, Haryana with US-based Brahma Management to develop a 150-acre township.

Project Highlights:

• Partners: Adani Realty (India) and Brahma Management (US-based investment firm)
• Location: Sector 62 and 63, Gurgaon (off Golf Course Extension Road)
• Project Name: Brahma City (originally planned by Brahma Management)
• Land Area: 150 acres
• Development Potential: Estimated at 5 million sq ft
• Project Type: Township (residential, commercial, retail, and other amenities)

Significance:

• This joint venture marks Adani Realty’s expansion into the Gurgaon market and its focus on large-scale township development.
• Brahma Management leverages Adani’s expertise for project execution after acquiring the land in 2010.

Background:

• Brahma Management purchased the land for Rs 650 crore in 2010 with plans for townhomes, villas, and various amenities.
• The project’s development cost is estimated at around $200 million.

Additional Information:

• Adani Realty recently launched a luxury residential project in Mumbai’s Andheri suburb.
• Brahma Management is an FDI-funded firm with over $500 million in real estate assets under management.

This news indicates a strategic collaboration between Adani Realty and Brahma Management to develop a comprehensive township project in Gurgaon. The project’s scale and location suggest it could be a significant addition to the city’s real estate landscape.

 

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