Kamla Landmarc Real Estate, a Mumbai-based real estate firm, has bought Indian Premier League team Deccan Chargers for an undisclosed amount.
Finally, the financially struggling IPL franchise team Deccan Chargers is sold to a Mumbai based real estate company, Kamla Landmarc. This company is owned by Ramesh Jain and is into construction business. The financial turmoil and degrading standards of Deccan Chronicle Holdings Limited has forced them to put the tam on sale from last three months. After initial disappointments, owners have decided to dispose the Hyderabad based IPL franchise after Boards of Director meeting held yesterday.