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Altico Capital invests in residential projects
Altico Capital has invested Rs 130 crore in two residential projects in Mumbai and National capital region (NCR).
Altico Capital has closed a Rs 50 crore transaction with Noida-based Lotus Greens group for a residential project named 'Arena I', which is part of a larger Sports City development at Sector-79, Noida.
The funding proceeds will be utilized for construction of the project. Arena I is a mid-segment project, with offerings of 3 BHK and 4 BHK apartments and total saleable area of 1.9 mm sq ft.
In another deal, the fund invested Rs 80 crore with Mumbai-based Shree Sai group for a residential project named 'The Nest' in DN Nagar, Andheri West, for refinancing the existing lender and for finishing the construction of the project.