Tata Realty & StanC acquire commercial assets worth Rs. 250 crore in Gurgaon

In a deal valued at Rs 250 crore, Tata Realty & Infrastructure and Standard Chartered Private Equity have purchased the commercial assets of Gurgaon-based builder M3M as a joint venture.
“The joint venture between the subsidiary of Tata Sons & the StanC NBFC acquired 25 acres @ Rs. 10 crore per acre from Gurgaon based builder in the first quarter of the FY,” said a source familiar with the development.
While the Tata group company has been exploring various investment options across Mumbai and National Capital Region, M3M has recently raised Rs 1,250 crore from Indiabulls Housing Finance also for a residential project.