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Discussion Starter · #1 · (Edited)
HINJEWADI | Blue Ridge Township | 25 fl x 14

The 138-acre Rs 3,200 crore Blue Ridge IT/ITES SEZ is an international 2.88 million sq. ft. SEZ with an integrated township. Located in the Silicon Valley of Pune-Hinjewadi and being the first notified SEZ

The township includes a plethora of centralized amenities like the Centralised Business Centres-conference & training rooms, food courts of approx. 40000 sq ft., Gym, Creche, Marina, Malls, Multiplex, 5 Star Hotel and a sprawling Golf Club

This township will have 25-storey towers u/c along with all other township amenities like shopping mall, sports zone, butterfly gardens, , boat club.




Apartments













Bungalows





Mall



School



IT Park - SEZ, 2.88 million sq ft









U/C
 

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Discussion Starter · #18 ·
LLI closes Pune's largest M&A deal of 2013 at Blueridge SEZ, Hinjewadi

Leading international property consultants Jones Lang LaSalle India have successfully concluded the largest M&A real estate deal in Pune this year to date. Acting on behalf of the company holding BlueRidge Special Economic Zone (SEZ) Phase 1, the Firm's Capital Markets team has successfully facilitated the sale of 100% equity in the company to IDFC Limited, one of India's largest domestic financial institutions.

The enterprise valuation achieved is approximately $83 million (INR 4500 million) and the equity stake will be bought in phases as per defined milestones.

Anuj Puri, Chairman & Country Head, Jones Lang LaSalle India says, "Hinjewadi is the leading IT Hub of Pune and continues to be among the biggest draws for IT-based corporate occupiers as well as private equity investors. This M&A deal had been carefully structured to ensure optimal value for both parties."

BlueRidge SEZ is an IT SEZ being developed by Paranjape Schemes, one of the largest developers in Pune. Aditi Watve, COO - BlueRidge says, "Phase One of the SEZ has approximately 1.45 million sq ft of leasable space and is already operational, with key tenants such as Accenture, Cisco and L&T. The closing of this deal is undoubtedly one of the highlights of our relationship with Jones Lang LaSalle India over a number of years. We found JLL a well-networked, client-focused partner who helped us achieve the right valuations and find the right investor."

Jones Lang LaSalle India was instrumental in raising the private equity capital for this project in 2007 on behalf of Paranjape Schemes. This deal definitely underscores Pune's continued and ever-increasing potential and attractiveness as a IT destination of choice.
http://economictimes.indiatimes.com...eridge-sez-hinjewadi/articleshow/20345720.cms
 
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