Synopsis
Around Rs 200 crore of this funding will be utilised to offer complete exit to existing lenders, including Piramal Capital. The balance amount will be used to support construction of the company’s existing projects and future growth.
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ATS Group had set up ATS HomeKraft in 2018 to develop mid-income and affordable housing projects across India, starting with the Delhi-National Capital Region.
HDFC Capital Advisors, the wholly-owned private equity arm of India s largest mortgage lender HDFC, has invested Rs 400 crore in ATS HomeKraft that focuses on mid-income and affordable housing.
The fund has made this investment in the NCR-based ATS Group arm through a mezzanine debt structure.
HDFC Capital invests Rs 375 cr in Runwal Group’s mid-income, affordable housing project
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Runwal Avenue is a greenfield project spread over a total 6 acres with total potential of 1.7 million sq ft saleable space development. Piramal Fund Management had invested in the project at the land acquisition stage and is now exiting the investment.
Agencies
The project offers apartments configurations of up to 3 bedrooms priced in the range of Rs 1 crore to Rs 1.5 crore. The project is expected to be completed in four years from now. (Representative Image)
MUMBAI: HDFC Capital Advisors, the wholly-owned private equity arm of India s largest mortgage lender, has invested Rs 375 crore in realty developer Runwal Group s mid-income and affordable housing project Runwal Avenue in Mumbai’s eastern suburb of Kanjur Marg.
DP World starts construction of its FTZ in Navi Mumbai
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DP World said it has started construction of its Nhava Sheva Business Park free trade zone in Navi Mumbai, at an investment of ₹1,000 crore. The investment is being made under Hindustan Infralog Private Limited, a JV between DP World (65%) and the National Investment & Infrastructure Fund (35%). The venture is created to invest up to $3 billion in ports, logistics and related sectors across the country, DP World said.
NSBP, a Special Purpose Vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The FTZ is on a long-term lease of 60 years and located 5 km away from JNPT.