ECL infuses Rs. 300-cr in realty project

    ECL Finance Realty Investment
    To ensure sufficient financing to the new and existing projects of Rohan Lifescapes, ECL Finance Ltd., the NBFC of financial services firm Edelweiss Group, has recently invested Rs. 300-cr in a bouquet of residential projects of Mumbai-based realty developer. The debt transaction is structured in such a way that ECL Finance has taken control of a part of the inventory in four south Mumbai projects of the developer, which the investor will sell at a discounted price. The capital has been given to Rohan Lifescapes to construct and complete ongoing projects. The idea is to provide solutions-centric investment to mid-sized and small developers to help them pace-up sales velocity and project delivery in the current scenario. This is a capital plus value add-route of investing, said chief executive, real estate practice, ECL Finance. ECL Finance, Ramashrya Yadav added that these structured transactions, the investor or lender sells the inventory that is in its charge through channel partners and brokers at discounted rates, he said.
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