Godrej Properties, one of India’s most successful real estate development firms had bought its 50% stakes from HDFC Asset Management Company Ltd. That was involved in two of its subsidiaries.HDFC Asset Management Company Ltd had invested nearly Rs 100 crore to pick up the stakes at two of the projects of subsidiaries of Godrej Properties, one being developed in Chennai and the other at Chandigarh.HDFC PMS (Portfolio Management Services) had bought 49% stakes in the Godrej Properties subsidiary Godrej Estate Developers which is in the process of constructing the Godrej Eternia, a project in Chandigarh. Similarly HDFC PMS had also bought 49.9% of the stakes in another Godrej Properties subsidiary called the Godrej Sea View that is at present developing a project in Chennai called Godrej Palm Grove.On Monday, Godrej Properties bought back the stakes that HDFC PMS held in both the subsidiaries. The amount involved in the buy-back has not been disclosed by Godrej Properties.The exit option was provided when HDFC PMS was buying the stakes. Godrej Properties had entered into separate agreements with HDFC Asset Management Company Ltd for each of subsidiaries and the buy-out options were also separate for Godrej Estate Developers in Chandigarh and Godrej Sea View in Chennai. Godrej Properties is now the sole owner of these two subsidiaries as after the buying of the stakes the company owns all the stakes involved in these two subsidiaries.Godrej Properties is present all over India and is presently developing commercial, residential, township and luxury projects in 12 Indian cities. Total area presently under construction by Godrej Properties covers 85 million sq ft.займ на карту без отказов круглосуточновзять кредит онлайн