Desai Diwanji, Hariani help UK tabloid Daily Mail invest $3m in Mumbai real estate dot-com

Thursday, 4 June 2015 By Prachi Shrivastava Private equity / VC

Desai & Diwanji advised British media conglomerate Daily Mail & General Trust’s investment arm DMG Information on its Rs 19 crore ($3m) infusion in Mumbai-based commercial real company Propstack Services which was advised by Hariani & Co.

D&D partner Siddharth Mody, senior associate Ashraf Lala and associates Manav Shah and Santosh Vijay acted for DMG Information.

Hariani & Co senior associate Abhijeet Sonawane and associate Bhanudey Kanwar acted for Propstack and the existing investors.

The online real estate market has recieved significant investment recently from funds, for example, online property classifieds companies Housing.com and Commonfloor.com have collectively raised over $130m since September 2014, reported Mint.

Desai & DiwanjiHariani & Co

Comments

Vent 4 Jun 2015, 08:21
+1 -0
good to see Desai & Diwanji in the news. They are certainly doing better than Mulla, Kanga & Crawford!
Ex DnD 4 Jun 2015, 16:06
+6 -2
Smody is the star of otherwise dud DnD
Excellent 5 Jun 2015, 04:21
+1 -0
Good to see an old school boutique real estate firms like Hariani in the msm! They have been doing real good work for many years including in litigation.
virage 5 Jun 2015, 06:48
+1 -1
any idea what is the starting salary in Hariani?
Related Party 5 Jun 2015, 08:33
+1 -1
Mr Santosh Vijay did bulk of the work on the deal.
Ex DnD 6 Jun 2015, 17:32
+0 -0
I thought Sidharth Mody had also quit the firm with Vihang
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