Bangalore: Blackstone Group is going to buy an office park from the HCC Real Estate Ltd and IL&FS Milestone Fund. The deal is settled for Rs 1001 crore and this office park is established in the Mumbai. The deal is most likely to be concluded in the next month in Bangalore. Blackstone Group has signed a term sheet for further transactions which describes the general terms and conditions of the proposed deal.Blackstone is also acquiring the Vrindavan Tech Village in Bangalore; deal regarding the transaction is in the final phase. Vrindavan Tech Village is a Special Economic Zone reserved for the Information Technology companies. Blackstone Group has tie-ups with Embassy Developers and HDFC in Vrindavan Deal and have signed a deal worth Rs. 1952 croreHCC Real Estate is expected to get about Rs 175 crore from the Blackstone deal and this money will be used to clear the debt of around Rs 4600 crore. The HCC Real Estate will raise equity for the second phase of its Vikhroli project and it has applied for special Floor Space Index (FSI) scheme to the Maharashtra State Government.IL&FS Milestone Realty advisors Pvt. Ltd had acquired 74 percent stakes of 247 HCC Park in the year 2010 which was valued at Rs 775 crore.Knight Frank India official said that domestic and offshore investors are highly interested in commercial office properties. It is predicted that in future India will witness numerous commercial real estate deals. The investors are looking for low risk investment such as lease-rental transactions.займ на карту без отказов круглосуточновзять кредит онлайн