Panchsheel Group raises Rs.249-Cr from govt's stressed projects completion fund

Real estate developer Panchsheel Group has received INR 249 crore from the Central Government's stress fund (SWAMIH Fund managed by SBI Cap) to complete a group housing project in Greater Noida, where flats of around 1,300 buyers are stuck. Panchsheel Greens II is the second project in Greater Noida which has got financial assistance from the stress fund. Earlier, INR 165 crore was sanctioned to the Capital Athena project.