Goldman Sachs infuses ₹610-cr in realty project in NCR

Goldman Sachs
US-based banking giant Goldman Sachs has invested ₹610 crore in Vatika Group's project in Gurgaon. Managing director Gaurav Bhalla informed that ₹245 crore will be used to expedite construction in the first phase of a commercial project located on National Highway 8, while the balance will be used in hospitality projects and to complete its projects on time. The project on NH 8 entails development of a 2.2 million sq ft of space in two phases. The first phase is expected to be ready shortly while the second phase will be completed in 18-24 months. So far, Vatika Group has delivered 42.3 million sq ft of developed space and has a range of commercial projects spread across prime locations in Delhi NCR, including MG Road, Golf Course Road, Golf Course Extension Road, Sohna Road, NH-8 and Mathura Road.

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