PE-RE Fund Investments
Embassy Group gets Rs.1,370-Cr loan from Kotak Realty Fund
Bengaluru-based Embassy Developments has received a debt sanction of around INR 1,370 crore from Kotak Real Estate Fund, of which INR 875 crore has been disbursed in Q3 FY25.The funds will support new projects, general corporate needs and the company’s upcoming launches, helping it speed up timelines, improve cash flows and move closer to its three-year Gross Development Value (GDV) target of INR 41,000 crore, with over 60% of this projected GDV to be driven by Bengaluru and Chennai markets.The company is targeting a cumulative GDV of over INR 48,000 crore over the next five years, supported through a combination of debt, collections and internal accruals. It is lining up multiple projects across Bengaluru and Mumbai for launch in Q3 and Q4 and expects strong pre-sales in line with its FY26 guidance of INR 5,000 crore.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
