Delhi-based publi****ng house MBD Group (that also owns the MBD hotels)
is in talks with international private equity firms to offload equity
in its mixed-use development MBD Zephyr in Bangalore. The mixed-use
development, which is expected to be completed by 2011, will have a
luxury hotel, space for luxury and premium retail and entertainment
spaces. The company is looking at offloading between 26% and 49%
equity in the retail ****tion of Zephyr, which is spread over more than
80,000 sq ft. For more detail visit http://www.magicbricks.com
