Salarpuri Sattva Group with Appolo Asia Singapore Pte Ltd forms JV
Salarpuri Sattva Group and Appolo Asia Singapore Pte Ltd have entered into a joint venture to acquire 100 per cent stake from a group of offshore investors in two real estate projects at Bangalore and Vadodara. The deal value is Rs 275 crores ($42 million). “We are delighted to form this Joint Venture with Appolo Asia Fund. We plan to develop these projects as landmark residential developments in Bangalore and Vadodara and look forward to partnering with Apollo Asia Fund in more joint ventures in the future,” said Bijay Aggarwal, MD, Salarpuria Sattva Group.
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