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Merlin by M3M Group in Sector 67, Gurgaon

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Merlin by M3M Group in Sector 67, Gurgaon

Last updated: 4 weeks ago
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  • Re : Merlin by M3M Group in Sector 67, Gurgaon

    background info on the investors in IREO funds

    Citadel LLC (formerly known as Citadel Investment Group, LLC) is a global financial institution based in Chicago, Illinois. Founded in 1990 by Kenneth C. Griffin, the firm today deploys capital across multiple asset classes and strategies.[2] Current activities also include equity and options market-making.
    Temasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion (US$157 billion) at end of March 2011,[2] focused primarily in Asia. It is an active shareholder and investor in financial services, telecommunications & media, technology, transportation, industrials, lifesciences, consumer, real estate, energy & resources.

    JPMorgan Chase & Co. (NYSE: JPM) is an American multinational banking corporation of securities, investments and retail. It is the largest bank in the United States by assets and market capitalization.[3] It is a major provider of financial services, with assets of $2 trillion and according to Forbes magazine is the world's largest public company based on a composite ranking.[4] The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States.[5] It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

    Stanford’s $16.5 billion endowment (as of Aug. 31, 2011) provides an enduring source of financial support for fulfillment of the university’s mission of teaching, learning and research. About 75 percent of the endowment is designated by donors for a specific purpose. There are nearly 7,000 endowed university funds.
    Each year, a portion of investment return from the endowment is used to support annual operating expenses. The remainder of the return is reinvested in the endowment to maintain its value over time. The Stanford Management Company (SMC) was established in 1991 to manage Stanford’s financial and real estate assets. SMC is a division of the university with oversight by a board of directors appointed by the university board of trustees.

    Stephen M. Ross (born 1940 in Hamtramck, Michigan) is an American real estate developer who lives in New York City. He is the founder, chairman and CEO of The Related Companies, L.P., a global real estate development firm. Related is best known for developing the Time Warner Center, where Ross lives and works. A native of Miami Beach, he is the majority owner of the Miami Dolphins and Sun Life Stadium.[1] The University of Michigan renamed its business school the Ross School of Business in his honor [2] after receiving a $100 million gift from Ross.[3]

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    • Re : Merlin by M3M Group in Sector 67, Gurgaon

      Profile of 3 key management team & founding partners of IREO

      Anurag Bhargava - Chairman
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      Mr. Bhargava was previously Head of Private Equity for MSD Capital, the private investment firm for Michael Dell, where he managed a successful portfolio of private equity investments. Mr. Bhargava is a co-founder of India Equity Partners and El Dorado Holdings, and also serves on the board of the State Bank of Mauritius.

      Mr. Bhargava completed the dual-degree Management and Technology Program at the University of Pennsylvania, where he received a B.A. from the Wharton School of Business and a B.S. from the Moore School of Engineering.

      Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo,Mr. Wisch was a Partner and Managing Director at Goldman, Sachs & Co. where he worked for a total of 17 years in various areas, including corporate finance, mergers and acquistions, executive administration, equity capital markets (including five years running Asian Equity Capital Markets in Hong Kong) and investment management.


      Louis Klein - Founding Partner
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      Prior to Ireo, Mr. Klein was with Colony Capital, where his focus included investments in residential and commercial real estate projects, as well as gaming, agriculture and hospitality properties. Colony Capital has been among the largest acquirers and financiers of real estate and related assets globally since its inception in 1991.

      Prior to Colony Capital, Mr. Klein was with Secured Capital, a merchant banking and advisory firm focused on the real estate industry, where he was involved in whole mortgage loan portfolio trades, debt and equity placements, and principal investments in non-performing loan portfolios internationally.

      Mr. Klein is a graduate of the Wharton School of the University of Pennsylvania and a member of the Urban Land Institute

      Mr. Wisch served as the Chief Operating Officer of 9/11 United Services Group, a not-for-profit organization which coordinated the more than $3 billion that was raised by charities to assist the victims of the terrorists attacks on September 11, 2001. He serves on the boards of the U.S.-India Business Council, SEACOR Holdings, Inc. and Hudson’s Companies. Mr. Wisch is also a member of the Council on Foreign Relations.

      Mr. Wisch received an M.B.A. from Harvard Business School and an A.B. from Stanford University.

      Steven Wisch - Founding Partner
      - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
      Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo, the first organized foreign fund involved in Indian real estate development focused on constructing a world-class portfolio of residential, commercial, retail and hospitality properties. These businesses manage over $2 billion dedicated entirely to India with eight offices and over 300 employees. Mr. Wisch was a Partner and Managing Director at Goldman, Sachs & Co. where he worked for a total of 17 years in various areas, including corporate finance, mergers and acquistions, executive administration, equity capital markets (including five years running Asian Equity Capital Markets in Hong Kong) and investment management.

      Mr. Wisch served as the Chief Operating Officer of 9/11 United Services Group, a not-for-profit organization which coordinated the more than $3 billion that was raised by charities to assist the victims of the terrorists attacks on September 11, 2001. He serves on the boards of the U.S.-India Business Council, SEACOR Holdings, Inc. and Hudson’s Companies. Mr. Wisch is also a member of the Council on Foreign Relations.

      Mr. Wisch received an M.B.A. from Harvard Business School and an A.B. from Stanford University.


      Steven Wisch - Founding Partner
      - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
      Steven Wisch, 48, is a founder and Managing Partner of India Equity Partners (IEP), a long-term, growth-oriented Indian private equity fund. He is also a founder and Managing Director of Ireo, the first organized foreign fund involved in Indian real estate development focused on constructing a world-class portfolio of residential, commercial, retail and hospitality properties. These businesses manage over $2 billion dedicated entirely to India with eight offices and over 300 employees. Mr. Wisch was a Partner and Managing Director at Goldman, Sachs & Co. where he worked for a total of 17 years in various areas, including corporate finance, mergers and acquistions, executive administration, equity capital markets (including five years running Asian Equity Capital Markets in Hong Kong) and investment management.

      Mr. Wisch served as the Chief Operating Officer of 9/11 United Services Group, a not-for-profit organization which coordinated the more than $3 billion that was raised by charities to assist the victims of the terrorists attacks on September 11, 2001. He serves on the boards of the U.S.-India Business Council, SEACOR Holdings, Inc. and Hudson’s Companies. Mr. Wisch is also a member of the Council on Foreign Relations.

      Mr. Wisch received an M.B.A. from Harvard Business School and an A.B. from Stanford University.

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      • Re : Merlin by M3M Group in Sector 67, Gurgaon

        Originally posted by ISHANb View Post
        amit ji sab developers ki kahani hoti hai ,
        There is a big group of people who say IREO mei pranab mukherjee ka and various netas ka black paisa hai jo mauritius se white hoke aa raha hai FDI ke form mei and when this gets busted IREO ko koi nahi bacha paega . It might also be very true as IREO which is predominantly only doing projects in india , why does it feel the need to have a head office at USA and Mauritius .We all know that what mauritius is famous for in india(money laundering)
        The ownership pattern of IREO also till date is not known .

        M3M ke baare mei bhi bahut kahaniya hongi aisi , but as far as i have heard there is no political backing as such . It is a cash rich , land rich co. , with the biggest of visions , and yes till the time they dont deliver anything , nothing can be said .
        I wish that both m3m and IREOs projects do well as they have chosen the same well known contractor whose credentials are beyong any doubt . It augurs well for GCx / SPR that some of the best Projects in gurgaon is in this part of gurgaon and can only nehance the premium of this area. It is not Ireo vs Tata primanti vs m3m , it is about world class projects in GCx road.

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        • Re : Merlin by M3M Group in Sector 67, Gurgaon

          Originally posted by Bikumatre View Post
          I wish that both m3m and IREOs projects do well as they have chosen the same well known contractor whose credentials are beyong any doubt . It augurs well for GCx / SPR that some of the best Projects in gurgaon is in this part of gurgaon and can only nehance the premium of this area. It is not Ireo vs Tata primanti vs m3m , it is about world class projects in GCx road.
          We all have our favourites, and would like that, it appreciates more and gives a better ROI. But lets hope that everyone does a good job and delivers world class project within respectable/reasonable timelines. I personally dont mind paying a premium price for a luxury offering as long as it is delivered as promised and on time. In the long run, its about improving the standard of living especially in posh areas(or rather soon to be posh areas ) atleast.
          Disclaimer: This is my understanding, plz do your own research and find out for yourself.

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          • Re : Merlin by M3M Group in Sector 67, Gurgaon

            Hmmm... So its a FDI funded and PE capitalised venture, with leaders purported from Wharton and Stanford at the helm of affairs. Proceeds will enrich 401k investors

            And dealing in cash for bookings... Ahem, ahem...

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            • Re : Merlin by M3M Group in Sector 67, Gurgaon

              Lo bhai!! In my good friend, Rushil arorajee's words.. ek aur agni pareeksha dedi M3M ne.. MERLIN gets awarded to L&T.. Good news indeed for all those invested in Golf Estate(Polo Suites& fairway are part of GEst) and Merlin.



              sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

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              • Re : Merlin by M3M Group in Sector 67, Gurgaon

                Got news from M3M Merlin office that merlin has not gone to L& T but instead planning for Shapoorji Pollonji

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                • Re : Merlin by M3M Group in Sector 67, Gurgaon

                  Originally posted by Vickys View Post
                  Got news from M3M Merlin office that merlin has not gone to L& T but instead planning for Shapoorji Pollonji
                  Sir aaj ki newspaper mein advert to di hi hai unhone.. the one I pasted above.... Although, shapoorjee is as good as L&T par your news sounds surprising after the above advert!!!
                  sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

                  Comment


                  • Re : Merlin by M3M Group in Sector 67, Gurgaon

                    Originally posted by St_Anger View Post
                    Sir aaj ki newspaper mein advert to di hi hai unhone.. the one I pasted above.... Although, shapoorjee is as good as L&T par your news sounds surprising after the above advert!!!
                    Guys what is the current resale price for Merlin and Golf estate ?

                    Cheers
                    Anuj

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                    • Re : Merlin by M3M Group in Sector 67, Gurgaon

                      Originally posted by anuj2703 View Post
                      Guys what is the current resale price for Merlin and Golf estate ?

                      Cheers
                      Anuj
                      anuj jee!! Golf estate is anywhere between 8200--8600. minimum size is 2800 sqft +

                      Merlin till last month was available for 6100( zero premium) ..sizes staring from 1844 sq ft... but now i am getting calls from broker for 6400--6500. Havent tried selling so, not really sure whether these were concrete offers.

                      Hope that helps!!!
                      sigpicWe are the ones who wanna choose..Always wanna play ..but we never wanna loose!!!

                      Comment

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