Real Estate Transactions

Saya Homes takes over IIFL's Rs.350-Cr debt to acquire stalled commercial project in Noida

Economic Times  

Realty developer Saya Homes has acquired a stalled project near Noida Expressway by taking over IIFL's INR 350 crore debt. The commercial project, with development potential of 1.3 million sq ft, will be completed in three years. The company will have to invest INR 200 crore in the construction as only 3% work was completed at the time of the takeover.

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