PR Coverage

The Times Group

The Times Group

"SNN Completes Acquisition of Essar's Bengaluru Project"
SNN Builders has acquired Essar's under-construction Water's Edge residential project in the ci . 490 crore.ty for ` Essar has been looking to move away from its non-core businesses. It had recently sold Equinox Business Park in Mumbai to RMZ Corp for ` . 2,400 crore.

SNN Builders' managing director Ramesh Agarwal said: “SNN will now relaunch the project and rebrand it in a way that existing customers and future prospects will be able to experience a product that will stand out in the Hebbal micro-market.“... [Download] June 1, 2016

The Hindu

The Hindu

"SNN buys Essar's housing project for Rs.490 crore" In one of the largest residential deals in Bengaluru, city-based SNN Builders has acquired Essar Group’s premium residential project ‘Water’s Edge’ in Hebbal, for an approximate value of Rs. 490 crore. With the completion of the transaction, SNN Builders will take over IBROX Real Estate Development Private Ltd., the company that owns the Water’s Edge project and also the responsibility to complete and deliver the project with a revised schedule of timelines. Water’s Edge is an eight-acre project built in two phases and will comprise five 40-storey towers, and house over 400 3, 4 and 5 BHK apartments... [Download] May 31, 2016

The Financial Express

The Financial Express

"Essar sells housing project to SNN Builders for Rs 490 crore" "With the completion of the transaction, SNN Builders now takes over Essar’s IBROX Real Estate Development Pvt Ltd, the company that owns the Water’s Edge project and will take responsibility to complete and deliver the project within a revised schedule," Essar said in a statement.

The final transaction price also includes customer liabilities, it added.

The 8-acre project is being built in two phases and will comprise five 40-storey towers. The project entails construction of 2 million sq ft and is likely to generate revenues of Rs 1,200 crore... [Download] May 31, 2016

Business Line

Business Line

"Essar completes sale of housing project to SNN Builders for Rs. 490 cr" SNN Builders Bangalore has completed the purchase of Essar’s upscale two million square feet Water’s Edg residential project in Hebbal, Bengaluru, for Rs490 crore.

The eight-acre project is being built in two phases and will comprise five 40-storey towers, amongst the tall in Bengaluru, and house over 400 plush 3, 4 and 5 BHK apartments, a press statement... [Download] May 31, 2016

Business Standard News

Business Standard News

"Essar sells housing project to SNN Builders for Rs. 490 cr"
Essar today said that SNN Builders has completed the acquisition of its residential project in Bangalore for Rs 490 crore.

"With the completion of the transaction, SNN Builders now takes over Essar's IBROX Real Estate Development Pvt Ltd, the company that owns the Water's Edge project and will take responsibility to complete and deliver the project within a revised schedule," Essar said in a statement... [Download] May 31, 2016

The Property Times

The Property Times

"SNN Builders Completes Acquisition of the Largest Residential Deal, Essar’s “Water’s Edge” Project in Hebbal, Bangalore for 490 Cr"
SNN Builders Bangalore and Essar Mumbai have completed the purchase and sale of the upscale Water’s Edge residential project in Hebbal, Bangalore for an approx. total Value of Rs 490 crore including Customer Liabilities. With the completion of the transaction, SNN Builders Bangalore now takes over IBROX Real Estate Development Private Ltd. the Company that owns the Water’s Edge project and the responsibility to complete and deliver the project with a revised schedule of timelines... [Download] June 1, 2016

Roof And Floor

Roof And Floor

"SNN Builders acquires Essar Hebbal project for Rs 490 cr"
Bangalore-based SNN Builders has completed the purchase of Essar’s Water’s Edge residential project in Hebbal, Bangalore, for Rs 490 crore. SNN Builders has acquired IBROX Real Estate Development Private Ltd, the company that owns Water’s Edge. According to the two companies, with the transaction finalized, SNN will now complete and deliver the project within a revised schedule. The final transaction price includes customer liabilities... [Download] June 1, 2016

Projects Today

PROJECTS TODAY

"SNN buys Essar's housing project"
SNN Builders has acquired Essar Group’s residential project ‘Water’s Edge’ in Hebbal, for an approximate value of Rs 490 crore.

With the completion of the transaction, SNN Builders will take over IBROX Real Estate Development Private, the company that owns the Water’s Edge project, and also the responsibility to complete and deliver the project with a revised schedule of timelines... [Download] June 1, 2016

CREDAI

CREDAI

"SNN Builders completes acquisition of Essar’s residential project in Bengaluru"
SNN Builders, Bangalore has completed the purchase of Essar’s upscale two million square feet Water’s Edge residential project in Hebbal, Bengaluru for Rs 490 crore.

Water’s Edge is located on the Outer Ring Road (ORR) and overlooks the picturesque Nagawara Lake in Bengaluru. The 8-acre project is being built in two phases and will comprise five 40-storey towers, amongst the tallest in Bengaluru, and house over 400 plush 3, 4 and 5 BHK apartments. With the completion of the transaction, SNN Builders now takes over Essar’s IBROX Real Estate Development... [Download] June 1, 2016

My Estate Point

My Estate Point

"Essar sells Bengaluru residential project to SNN Builders for Rs 490 crore"
  In a rare deal in the real estate space, Bengaluru-based SNN Builders has acquired Essar’s under construction Water’s Edge residential project in Bangalore for Rs 490 crore      The deal gains significance as Essar, a Shashi and Ravi Ruia-owned company, aims to move away from its non-core businesses. It had recently sold Equinox Business Park in Mumbai to RMZ Corp for Rs 2,400 crore.

 SNN Builders now takes over Essar’s IBROX Real Estate Development Private Ltd, the company that owns the Water’s Edge project, and will take responsibility to complete and deliver the project within a revised schedule, a company release said. The final transaction price includes customer liabilities... [Download] June 1, 2016

Track2Realty

Track2Realty

"SNN Builders acquires Essar’s Water’s Edge in Bangalore" Bangalore, has completed the purchase of Essar’s upscale 2 million sq feet Water’s Edge residential project in Hebbal, Bangalore, for Rs 490 crore.

With the completion of the transaction, SNN Builders now takes over Essar’s IBROX Real Estate Development Private Ltd, the company that owns the Water’s Edge project, and will take responsibility to complete and deliver the project within a revised schedule. The final transaction price includes customer liabilities... [Download] May 31, 2016

The Economic Times

The Economic Times

"Essar sells housing project to SNN Builders for Rs 490 cr" NEW DELHI: Essar today said that SNN Builders has completed the acquisition of its residential project in Bangalore for Rs 490 crore.

"With the completion of the transaction, SNN Builders now takes over Essar's IBROX Real Estate Development Pvt Ltd, the company that owns the Water's Edge project and will take responsibility to complete and deliver the project within a revised schedule," Essar said in a statement... [Download] May 31, 2016

Essar

Essar

"SNN Builders completes acquisition of Essar’s Water’s Edge project in Bangalore"
SNN Builders, Bangalore, has completed the purchase of Essar’s upscale 2 million sq feet Water’s Edge residential project in Hebbal, Bangalore, for Rs 490 crore. With the completion of the transaction, SNN Builders now takes over Essar’s IBROX Real Estate Development Private Ltd, the company that owns the Water’s Edge project , and will take responsibility to complete and deliver the project within a revised schedule. The final transaction price includes customer liabilities.... [Download] May 31, 2016

ET Realty

ET Realty

"Essar sells Bengaluru residential project to SNN Builders for Rs 490 crore"
SNN Builders now takes over Essar’s IBROX Real Estate Development Private Ltd, the company that owns the Water’s Edge project, and will take responsibility to complete and deliver the project within a revised schedule

NEW DELHI: In a rare deal in the real estate space, Bengaluru-based SNN Builders has acquired Essar's under construction Water's Edge residential project in Bangalore for Rs 490 crore.... [Download] May 31, 2016

Moneycontrol

Money Control

"Essar sells housing project to SNN Builders for Rs 490 cr"
Essar said that SNN Builders has completed the acquisition of its residential project in Bangalore for Rs 490 crore.

"With the completion of the transaction, SNN Builders now takes over Essar's IBROX Real Estate Development Pvt Ltd, the company that owns the Water's Edge project and will take responsibility to complete and deliver the project within a revised schedule," Essar said in a statement..... [Download] May 31, 2016

Headlines News

Headlines News

"ESSAR SELLS HOUSING PROJECT TO SNN BUILDERS"
Essar today said that SNN Builders has completed the acquisition of its residential project in Bangalore for Rs 490 crore. (Reuters) Essar today said thatEssar today said that SNN Builders has completed the acquisition of its residential project in Bangalore for Rs 490 crore. (Reuters) Essar today said that SNN Builders has completed the acquisition of its residential project in Bangalore for Rs 490 crore. “With the completion of the transaction, SNN Builders now takes over Essar’s IBROX... [Download]  

SNNBuilders