Singapore-based diversified conglomerate Keppel Corporation’s property arm Keppel Land has entered into a joint venture with realty developer Rustomjee Group to develop an integrated township project spread over 127 acre in Thane near Mumbai. Keppel Land will be acquiring 49% stake in the joint venture company Kapstone Constructions for around Rs 410 crore. This is first such alliance between a Singaporean and an Indian developer for any project in Mumbai Metropolitan Region.

(Economic Times)