A Larsen & Toubro subsidiary, L&T Finance Holdings, has recently infused Rs.150 crore in two realty projects being built by the Pune-based Saarthi Group. The funds are being infused for construction purposes and some of the money will be used to repay old loans entailed on its past projects. Both the projects entail around 1 million sqft of residential projects. Saarthi Group has so far delivered 30 projects totaling more than 3 million sqft over last 18 years. The builder is currently developing more than 2 million sqft area spreading across various parts of Pune and its suburban areas. The NBFC recently extended Rs.350 crore funding to realty developer Supertech's project in Greater Noida.
📅Published on:
28 September 2017
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