November 18, 2017 2:26 PM ET

Real Estate Management and Development

Company Overview of WadhwaGroup Holdings Private Limited

Company Overview

WadhwaGroup Holdings Private Limited develops residential and commercial properties. Its clientele comprises individual customers and MNC corporate tenants. The company was incorporated in 1982 and is based in Mumbai, India.

Plot No. C-59

3rd Floor

Platina, G Block

BKC, Bandra East

Mumbai,  400051

India

Founded in 1982

Phone:

91 80 0209 6669

Key Executives for WadhwaGroup Holdings Private Limited

WadhwaGroup Holdings Private Limited does not have any Key Executives recorded.

WadhwaGroup Holdings Private Limited Key Developments

Country Garden In Talks To Buy Controlling Stake In Wadhwa Group's Mumbai Project

Country Garden Holdings Company Limited (SEHK:2007) is in talks with Wadhwa Group to buy a majority stake in its upcoming 450-acre residential township at Panvel in Navi Mumbai, two people aware of the development said. According to the first of the two people cited above, the two companies have held several rounds of talks in the past few months and signed a memorandum of understanding and term sheet for the transaction. Due diligence could take two more months, this person said on condition of anonymity. Country Garden did not reply to emails seeking confirmation. A Wadhwa Group spokesperson confirmed by email that the company is talking to Country Garden but said it is still "early stages of discussions" and declined to give details.

Wadhwa And STREF Plans To Sell Land

WadhwaGroup Holdings Private Limited plans to dilute some ownership of the land and the project. STREF will also look at co-developments while holding majority stake in the project, a company executive said. "We do have some long-term plans to monetise some of our land banks. We do not want to entirely sell away, but (are) open to play the master developer role. We would still control the master development as far as possible. I will probably give the non-core portion out to another developer," Venkatesh Gopalkrishnan, President (business development) Chief investment Officer, STREF said.

Wadhwa Group Mulls Financing

The Wadhwa Group intends to raise funds. The company plans to raise around INR 5 billion through a mix of debt and equity. Wadhwa Group will sue the proceeds to fund the first phase of its 450-acre township at Panvel. "We need an additional sum of around INR 500 crore mostly for construction and to build infrastructure for the first phase of the project. We are looking for various avenues to raise this fund, including external commercial borrowings, masala bonds or even equity investment from some funds who want to invest in affordable housing," said Vijay Wadhwa, chairman, Wadhwa Group.

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Recent Private Companies Transactions

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