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The 7.3 acre project, currently under construction, is located in prime North Bengaluru and comprises of around 330 luxury units. Prices of units range from Rs 3.5 crore to Rs 12.5 crore.
The authority has also sought suggestions from homebuyers associations in the national capital region on its draft guidelines on formation of residents’ welfare associations (RWAs) and Association of Allottees (AOA).
The hotel aggregator is looking to list in India’s financial capital of Mumbai and its IPO is tentatively pegged at between $1 billion and $1.2 billion, the source said, adding it will consist of a fresh issue of shares and an offer for sale from existing shareholders.