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Mumbai, March 27 Yatra Capital Ltd, a Euronext quoted company investing in Indian real estate, has committed Rs 113 crore for a mixed use development to Palladium Constructions and Rs 65 crore to Platinum Hospitality Services for a 30 per cent stake in each of these joint venture companies.

Yatra’s partner in the two ventures is Phoenix Mills. Both the projects of about 3.5 million sq ft are to come up in Yeshwantpur, Bangalore.

Palladium Constructions will develop 1.9 million sq ft - 1.4 million sq ft of retail space and 0.5 million sq ft of residential space. Platinum Hospitality Services will develop a 0.5 million sq ft hotel property, including serviced apartments.

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