Built to inform

Sign up for the daily newsletters

No, Thank you

Edelweiss Group’s realty fund infuses Rs 1,553 cr across different projects

The investments have been made in the projects of developers

Real estate fund, Edelweiss Group, Property developers, Mumbai, National Capital Region, BCC Group, Ruparel Group, Naman Group, Spark Developers, Wadhwa Group, Structured debt deals, Internal rate of return

The new real estate fund of Edelweiss Group has deployed Rs 1,553 crore across different projects of property developers in Mumbai and the National Capital Region (NCR).

The fund has invested Rs 380 crore in NCR’s BCC Group, Rs 356 crore in Mumbai’s Ruparel Group, Rs 291 crore in Naman Group, Rs 126 crore in Spark Developers, Rs 95 crore in Wadhwa Group, among others.

The investments have been made in the projects of these developers. The investments are structured debt deals, with expected internal rate of return (IRR) of 16 to 19.7 percent. The investments were made before the lockdown was announced.

The undisbursed amount of Rs 190 crore is expected to be distributed over the next two-three quarters to be utilised towards future project expenses.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

June 2020
10 Jun 2020