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Showing posts from July 26, 2010

Hotel Leela to sell land to Lunkad Realty

Hotel Leela Venture has dropped it's plans of building a hotel in Pune and is selling 50% equity in the 9 acres land to Lunkad Realty, three independent sources close to the development said. Hotel Leela is expected to get Re 280 crores as part of the deal for a land the company had bought for Rs 80 crores a few years back.