Global financial services firm JPMorgan Chase has invested Rs 250 crore in closely-held property developer BPTP for an equity stake of 3 per cent, according to sources.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The deal values the Faridabad-based real estate developer at Rs 8,333 crore. BPTP made news this year when it bagged a Rs 5,006-crore land deal in Noida, outbidding well- known developers such as DLF, Omaxe and Ansal Housing &amp; Construction. 
</p><p class='TableClas'>Citigroup Property Investments (CPI) holds 5.89 per cent in the company, which it bought for Rs 322.50 crore last year. "The Noida deal and the company's plans to make it a business complex has increased the valuation of the company,'' the sources said. 
</p><p class='TableClas'>BPTP paid the amount for the Noida deal after seeking an extension for the first instalment of Rs 1,251.5 crore. </P></p></table>


JPMorgan picks up stake in BPTP for Rs 250 cr

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