Altico infuses Rs. 130-cr in realty projects

    The Nest Residential Project
    Altico Capital, which is a Mumbai-based non-banking finance company, in a recent development has invested Rs. 130-cr in two residential projects in Mumbai and National capital whereby the financer has closed Rs. 50-cr 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. In another deal, the fund invested Rs. 80-cr with Mumbai based Shree Sai group for a residential project, 'The Nest' in DN Nagar, Andheri West, area of metropolitan city for refinancing the existing lender and for finishing the construction of the project. The project is being developed by Shree Sai in a joint venture with Wadhwa Holdings.
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