IIFL Home Fin invests Rs.50-Cr in Eon Group's affordable housing project in Thane

IIFL Home Finance has invested over INR 50 crore - through senior-secured debt - in realtor EON Group's affordable housing township project Riverwood Park on Kalyan-Shil Road in Thane, near Mumbai. The investment will be deployed in the second phase of the project spread over 42 acres, the total development potential of which is over 7 lakh sq ft. The second phase comprises five high-rise residential towers with 24 floors offering 1 and 2-bedroom apartments with river views. The developer also plans to develop the township's third phase which will have a development potential of over 15 lakh sq ft of residential area.