Appaswamy Group secures ₹200 cr for residential project
Ensuring smooth flow of funds to its upcoming River View Road real estate residential project at Kotturpuram in Chennai, the realty developer Appaswamy Group has secured ₹200 crore for the development of this premium residential project from Piramal Capital & Housing Finance Ltd (PCHFL). The structured equity funding will enable the builder to acquire 3.34 acre of land in Chennai's Kotturpuram locality where Appaswamy group has also acquired land parcel commanding huge sales potential. With this, the company's exposure to Chennai, through funds sanctioned and disbursed by the funding group, has crossed ₹3,500 crore in South India, said an official spokesperson.
📅Published on:
20 June 2018
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