SARE Homes raises Rs 435 cr from Altico Capital, KKR

November 30, 2016

New Delhi, Nov 30 (UNI) SARE Homes today announced that it has raised Rs 435 crore from Altico Capital and global investment firm KKR for a township project at Sector 92 in the New Gurgaon Region, NCR.

The project is spread across 66 acres with a residential development potential of approx. 6.5 million sq ft.

KKR, through its real estate-focused non-bank finance company (“NBFC”), has extended Rs 120 crore of financing for the development of the project. Altico has invested Rs 315 crore.

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