 "Embassy group")
Leading realty firm Embassy group is exploring various options to monetise its warehousing and industrial parks business at an enterprise value of Rs 1,700-2,000 crore, sources said.
Bengaluru-based Embassy group, which had in 2015 formed a joint venture with private equity firm Warburg Pincus to build industrial parks, is in talks with few potential buyers to monetise completed and under-construction assets of the JV.
Embassy Industrial Parks, the joint venture firm, is developing warehousing projects at Chakan in Pune, Sriperumbudur and Hosur in Tamil Nadu; Farrukhnagar and Bilaspur in Delhi NCR; and Kothur in Hyderabad.
The total portfolio of the JV firm is
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