The resolution will help properties worth Rs 1,100 crore see the light of day. The project includes two land parcels totalling 63 acres, with six million square feet of residential space.
Sare Gurugram Private Limited was initially developing this group housing project in Sector 92, Gurugram, when it faced financial difficulties and went into the Corporate Insolvency Resolution Process (CIRP) in March 2021, leading to a delay of 3 years to 8 years in the delivery of homes.
KGK Realty & Dhoot Infra implement resolution plan for Sare Gurugram; to benefit 1200 home buyers financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The interim financier based in Delhi-NCR has achieved a successful exit from its investment in SARE Gurugram Pvt Limited (Sare Gurugram) within 11 months. In August, 2022, the financier had provided interim finance to the debt-laden real estate company.
Litigation financing startup LegalPay has made its second successful exit in less than a year of providing interim finance to real estate firm Sare Gurugram ..