Xander infuses Rs. 300-cr realty projects

    Xander Group
    In order to expand its financial investment ambit in the country’s real estate sector ,the Xander Group, which is a non-banking financial arm of alternative investment firm, Xander Finance, in a latest move, has invested nearly Rs.300 crore in two residential housing projects in Chennai and National Capital Region, said official sources, claiming that the NBFC has invested over Rs.120 crore in a plotted project of realty developer VGN Property Developers in Ambattur locality of western Chennai. Apart from this, it also invested over Rs.160 crore in Ansal API's low-rise residential project in sector 67, Gurgaon and both the projects contain lesser construction risk as one of them is a low-rise and the other one is a plotted development. This has allowed the player to enter these projects before the commencement of sales, commenting on the development, MD, Xander Finance, Amar Merani, said.
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