PE-RE Fund Investments
Bhumika Group raises Rs.170-Cr from BGO-Aditya Birla Sun Life
New Delhi-based real estate developer Bhumika Group has raised INR 170 crore in debt from a real estate credit platform managed by BGO and Aditya Birla Sun Life AMC. Cushman & Wakefield acted as the transaction advisor for this deal.The latest funding is designated for a mixed-use project by Bhumika Group located on Mathura Road in Faridabad, which has a revenue potential exceeding INR 1,500 crore. This project recently achieved financial closure with the received funds.Founded in 1961 by the Poddar family and led by Uddhav Poddar, Bhumika Group is focused on the real estate, logistics, and e-commerce sectors. With over INR 3000 Cr turnover, 100+ locations, and 300+ workforce, it develops premium commercial/residential properties via Bhumika Realty, delivers logistics for cement/retail through Kaushalya Logistics, and provides e-commerce for electronics/white goods.
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