Local partner of residential projects in Hyderabad signed an agreement to acquire the remaining 45% rights in a residential project in Hyderabad from Property & Building Corp. Ltd. (TASE:PTBL) for $34 million on January 8, 2016. On the signing date, Property & Building Corp completed the first stage of the sale in exchange for $15 million, while the balance of $19 million will be paid in 6 installments until December 31, 2018.