Akme Rhine River Projects, an equal JV between German-Swiss PE firm MPC Synergy Real Estate and Anil Nanda's real estate firm Akme Projects, has bought around 16 acres in Mohali for a little over Rs 100 crore from Delhi-based Taneja Developers & Infrastructure (TDI), reports Sanjeev Choudhary. Akme Rhine River Projects intends to develop high-end residential project on the acquired land. The JV company plans to develop six other residential projects at Ludhiana, Greater Noida, Bangalore and Gurgaon by 2012. Courtesy:- ET dtd:- July 22, 2008