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Delhi-based real estate investment firm Landmark Land Holdings has invested Rs 35 crore ($9 million) for an undisclosed stake in Bhubaneswar-based Safari Retreats Pvt Ltd. Safari is promoted by Kolkata-based real estate developer Forum Projects, which is owned by Rahul Saraf.

The company will be developing an integrated 850,000 sq. ft. shopping mall and hotel in Bhubaneswar. And this is Forum’s second retail project in the capital of Orissa.

Landmark Land Holdings is promoted by Gaurav Dalmia, a scion of the Delhi-based Dalmia Group, a 75-year old group with interests in cement, industrial ceramics, agro-commodities, engineering, information technology, real estate and private equity. Landmark's current interests are concentrated in North India, while it also has projects in the Kolkata, Mumbai and Bangalore. Landmark was formed as a focused real estate investment vehicle in 2002.

Landmark Holdings said that it "invests with a bottoms-up view in projects of all types: from early stage business plans to sanctioned projects, from quick turnaround two or three year developments to long gestation period developments spanning ten years, from liquid metropolitan city centre projects to ill-liquid second tier city projects, from small $5-10 million equity exposures to larger $100 million equity exposures, from self liquidating housing projects to income generating retail and office assets".