LEMON TREE HOTELS & WARBURG PINCUS ENTER JV

Lemon Tree Hotels has formed a joint venture with an affiliate of Warburg Pincus, marking the former’s entry into an adjacent but new business segment focusing on the development of institutional-grade rental housing accommodation serving both students and young working professionals across major educational clusters and key office markets in India. The partners will initially invest ` 1500 crore in equity, followed by an additional infusion of ` 1500 crore in equity at the option of the partners, to develop rental housing projects.

The government did work on infrastructure (in some regions you can see the benefits) but that’s not a wholesome initiative”