Aevitas injects Rs. 201-cr in realty project

Aevitas Property Partners, which is the Netherlands-based real estate fund, has recently signed an agreement to invest Rs. 201-cr across mid-income and affordable housing projects of New Delhi-based real estate developer DASNAC Holdings, said an official spokesperson, adding that the investment will promote growth of DASNAC Holdings' business model through acquisitions in affordable and mid-income housing projects and fund construction of the company's ongoing projects. Founded as an architecture and engineering firm, DASNAC ventured into real estate development in 2005 with its proprietary―e-Homes branded projects. In Noida, it is a key property builder in its portfolio and claims to have delivered 15 million sq.ft of property in Delhi-NCR across development, architecture, engineering, and construction functions. Aevitas is spearheaded by veteran global real estate investor Glenn Aaronson, entered India through its dedicated investment platform and that Kautilya Finance managed by Shiv Wallia, a private equity and debt market specialist previously worked with JP Morgan and Merrill Lynch.