Yatra Capital Invests in Bangalore Real Estate Projects

Yatra Capital has invested nearly Rs 175 crore in Bengaluru-based property developments. It is Euronext listed real estate investment company. Yatra Capital has invested Rs 111.62 crore in Palladium Constructions for 30 percent stake. Palladium Constructions will develop a complex which will have both residential and retail buildings. It will develop a 1.9 million square.feet of mixed use complex. This development will comprise of 1.4 million square feet of retail space and 0.5 million square feet of residential space. This project will cost around Rs 950.12 crore.
Yatra Capital has also invested Rs.63.44 crore in Platinum Hospitality Services for a 30 percent stake. Platinum Hospitality Services is going to develop a hotel in Bengaluru. Platinum Hospitality Services will develop a 0.5 million square feet hotel property, including serviced apartments. The hotel will be built at a cost of estimated Rs 402.62 crore. Construction on both properties is expected to begin in the end of 2008 and the entire project expected to be completed within a period of five years.

2 Comments

  1. Posted April 2, 2008 at 4:57 am | Permalink

    After aquaring the stake of parsavnath devloper Yatra capital is now planing to invest in real estate in banglore, it shows that yatra capital is devloping.

  2. Posted April 15, 2008 at 12:09 am | Permalink

    Investments in hotels and apartments are taken as more beneficial these days.

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