BPTP IPO : Plans to raise Rs 1500 crore

by khalid on 25/12/2009 · 0 comments

New Delhi-based BPTP is a real-estate developer and the main focus area of the company is national capital and adjoining area. The company informed the market that it has filed a DRHP to the market regulator for floating its IPO for raising Rs 1500 crore. It seems that similar to others, the developer is also taking advantage of booming market conditions.

Key property markets such as Mumbai and Delhi have seen a return of demand for homes and offices in the last few months, and a massive stock market rally since March has boosted share-sale plans of cash-strapped Indian real estate firms.

A number of Indian developers, including Emaar MGF, Lodha Developers, Nitesh Estates and Godrej Properties, have already hit the market or are working on plans to sell shares in the next few months.

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