Sunday, October 25, 2009

Lavasa to raise Rs 2,000 crore through IPO next year

Lavasa Corporation, a subsidiary of Mumbai-based Hindustan Construction Company, plans to raise around Rs 2,000 crore through an initial public offering during the second half of next year.

Now, Lavasa near Pune has commenced laying infrastructure for the second phase of the project.

Lavasa aims at developing five 'towns' in the hill-station project and expects to sell commercial and residential space in the second town at a 15-20 per cent premium.

To read more, please, visit The Economic Times

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