A Dubai investment fund has agreed to provide a loan of $1.6 billion (Rs.10,000 crore) to Aamby Valley real estate project being developed by the Sahara Group, official sources said that Royale Partners Investment Fund Limited of Dubai, spearheaded by HE Sultan Al Ahbabi has entered into an agreement with Sahara to provide loan. The fund have committed through a mutual agreement, which was submitted in the last hearing of the court on August 10, 2017. The liquidator has fixed the reserve price for the luxury resort town project at about Rs.37,000 crore.
📅Published on:
16 September 2017
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