Private Equity

Private Equity Fund Investments

True Habitat raises Rs.30-Cr from CSL Finance for Gurugram project

Economic Times Print Edition  

Realty developer True Habitat has raised INR 30 crore from CSL Finance to acquire over 4.16 acres of prime land in Sector 79, Gurugram. The company plans to develop the land under the Haryana governmet's Affordable Housing policy, with 650-7700 apartments and 45,692 sq ft of commercial space. The cost of land acquisition is INR 35-40 crore, including the approval cost. True Habitat will invest another INR 100-110 crore for construction and development. Savills India is the advisor to True Habitat for raising capital for this project.