Siddharth Dhongle | October, 02 2015
Carnival Group completes acquisition of the commercial real estate project of L&T Group at Chandigarh
Mammoth deal worth INR 1785 crores
Deal said to be the largest in the realty sector in recent times
Shrikant Bhasi promoted Carnival Group announced the acquisition of the commercial real estate project which includes ‘Elante Mall’, ‘Hyatt’ luxury hotel and the office premises with central courtyard at Chandigarth from L&T Group at a deal value of INR 1785 crores.
The acquisition of the said property is significant as it will enable Carnival Group to widen its portfolio and help the company achieve leadership position in the retail sector.
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