The Maharashtra government on 30 June 2015 signed an Memorandum of Understanding (MoU) with Blackstone and Panchshil SPV for three projects worth 4500 crore and generation of some 50000 jobs.
Blackstone will invest 750 crore rupees in developing EON Free Zone SEZ; 1200 crore rupees in developing Hinjewadi Phase-3; 1500 crore rupees in IT Park in Central Mumbai and 1050 crore rupees in other IT parks in Mumbai.
Blackstone is a premier global investment and advisory firm that strives to provide solutions that create lasting value. Their portfolio companies employ more than 600000 people across the globe, making it a major factor in economies around the world.
Panchshil SPV is a well known reality firm known for implementing the best construction practices in the industry and have transformed themselves into one of Pune’s leading property developers. The company offers finest of the Luxury Residences, Integrated Workspaces, Special Economic Zones, Built-To-Suit Campuses, Hospitality or Retail.
Panchshil Realty is a portfolio company under Blackstone.
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When: 30 June 2015