Real Estate sector projects by Altico Capital India Pvt. Ltd. in Multi Location
Project Information
7143
Altico Capital India Pvt. Ltd.
Non-banking financial company (NBFC) Altico Capital on Wednesday said it had invested Rs 575 crore across three real estate projects in Mumbai, Pune and Bengaluru. The NBFC is backed by Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council.
Altico has entered into a multi-project financing arrangement with Marvel Developers of Pune. Additionally, it concluded its second transaction with Midcity group, a developer focused on society redevelopments in Mumbai, and also closed its third transaction in Bengaluru, financing Unishire against a portfolio of five projects.
“These transactions appealed to us from the standpoint of product offering, promoter comfort, project stage and multiple cash flow streams. They have been structured to provide a win-win solution to the developer and us by aligning project execution with the prevailing market scenario,” said Amit Pachisia, chief credit officer.
Project Value
INR 575 Crore /-
Planning
Multi Location
Multi State
India
Real Estate
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