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Aditya Birla Capital extended debt worth INR40 crore ($5.6m) for Agami Realty's luxury flats project in Kala Nagar near Mumbai's business district, Bandra-Kurla Complex. The project involves the redevelopment of a residential society into a boutique development with a 22-storeyed building designed by Reza Kabul.
Aditya Birla Capital: The project to be developed on the land parcel spread over a quarter of an acre is estimated to have a development potential of about 1 lakh sq ft and a free-sale component of about 45,000 sq ft.