New Delhi: The city-based Windflower Resorts and Spa is likely to see an upward swing in its valuation as hdfc Property Fund, which owns 20 per cent stake in the company, is reportedly set to sell its stake for about Rs. 100 crore, nearly three times its investment of Rs. 30-35 crore, according to inside sources.

The hospitality company, which was born in Mysuru with its head office now in Bengaluru, has a chain of resorts in Bandipur, Vythiri, Kodagu, Bengaluru and Puducherry with plans of expanding to other parts of the country.

Hdfc Property Fund, the private equity arm of hdfc Ltd. set up in 2005, had acquired about 20 per cent stake in Windflower Resorts and Spa.

According to sources, hdfc’s exit will be completed in the next one year.