Marvel Landmarks receives Rs 55 cr investment

Marvel Landmarks, a Pune based realty company has received Rs 55 crore inve-stment for an 8 per cent stake from Paracor Capital Advisors, the PE arm of Mauritius based Madison India Real Estate Fund. Marvel Landmarks is the FDI compliant company of local developer, Marvel Realtors and accounts for 30 per cent of the Marvel group's total assets. The current round of investment will allow Marvel to set up its own precast factory and to buy construction machinery.