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Lemon Tree Hotels to Launch Housing Projects in India
Published: April 29, 2011 at 10:36 AM | Author: Administrator
News Source: April 25th 2011 - Indian Realty News

Hospitality firm Lemon Tree Hotels is foraying into real estate, with plans to invest over Rs 1,400 crore, to launch housing projects in India in partnership with US-based investment firm Warburg Pincus. New Delhi based firm has formed a 51:49 joint venture, Oceanus Real Estate Pvt Ltd, with Warburg Pincus for the housing projects. Besides diversification into housing, the hospitality chain has put in place a blueprint to expand in its core business within India and explore neighbouring markets like Nepal and Sri Lanka.
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