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« DLF Expecting Sales of Rs 8,500-9,500 crore in FY11 | Home | Omaxe bags Mohali Project »

Maytas Properties will have a strategic Investor Soon- Ved Jain

A suitor or a strategic investor for Maytas Properties will be finalised within a month or so, according to Ved Jain, government — appointed director on Maytas Properties Board. Speaking on the sidelines of Maytas Infra Ltd’s AGM, Jain said that efforts are underway to bring in a strategic investor and help revive the company, its business and projects. He refrained to make any further comments on the status of the company and its properties.

Property buyers in Maytas Hill County project, which is one of the marquee projects in Hyderabad, are still in a quandary about their future. The progress of this project was affected after the mega Satyam Computer scam broke out in January 2009. The company is faced with financial crunch with its accounts being frozen hampering progress of the project.

News Published Under:   Bangalore, Chennai, Delhi, Gurgaon, Pune, Real Estate Developers, Real Estate India | No Comments »

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