CPPIB has been stepping up presence in Indian real estate in the past couple of years
The JV company, bought SP Infocity IT Park for $220 million (Rs 13.40 billion) in mid-2015
This is third such alliance for Shapoorji Pallonji after tie-ups with CPPIB, Germany's Allianz group
This comes at a time when it is expanding its realty business by launching residential projects
Covering about 13 mn sq ft, experts agreed this is the biggest plan by any developer at the moment
Mulls to sell between 400 and 500 apartments this financial year
The group also buys 55% stake in Co.Stell, two operating companies of STC Group