Wadhwa secures Rs.2,000 cr for realty projects

    Wadhwa Group
    Wadhwa Group, which is launching six new residential projects, has secured funding commitment worth Rs.2,000 crore from Piramal Fund Management to cater to the investment requirement of the upcoming projects. The investment will be made in the form of lease rental discounting that will refinance the developers existing debt facilities. The developer had availed Rs.1,200 crore debts funding through lease rental discounting at three of its commercial projects. The financing transaction is expected to be concluded shortly. The refinancing will also allow the developer to consolidate its earlier lease rental discounting finance that was availed from several banks. Piramal usually offered funds against income-producing commercial assets such as office properties, retail malls, and logistic parks. Wadhwa Group has score of commercial projects with leasing space of around 2 million sqft, mainly in Mumbai‘s secondary business district Bandra-Kurla Complex (BKC).
    CURRENTLY ONLINE
    We have 486 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week