Shriram Properties on Tuesday said it would partner with U.S. real
estate private-equity firms Walton Street Capital and Starwood Capital
Group to develop a $1.25 billion township in eastern India.

The project in the city of Kolkata in West Bengal will cover about 20
million square feet of land and include residential, retail, office and
civic infrastructure, the companies said in a release. Hindustan Motors
previously owned the land. International architecture firm HOK has been
signed on for the project.