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Bhumika Realty raises  Rs 170 cr to fund project in Faridabad

Share FacebookTwitterWhatsAppPinterestLinkedinCopy URLTelegramEmailTumblrReddItPrintKoo NEW DELHI, Jan 12:  Bhumika Realty has raised Rs 170 crore from a real estate credit platform of Aditya Birla Sun Life AMC and BGO to fund its new mixed-use project in Faridabad. In a statement on Monday, the company said the fund would be used for construction and working capital requirements. Property consultant Cushman & Wakefield facilitated the deal.

Bhumika Realty raises  Rs 170 cr to fund project in Faridabad

Credit: Dailyexcelsior

Key Highlights

  • “Faridabad is entering a new phase of organised urban growth, supported by infrastructure and rising end-user demand.
  • Closing financial arrangements within weeks of launch reinforces the strength of the project fundamentals and our disciplined approach to capital deployment,” said Uddhav Poddar, CMD, Bhumika Group.
  • India’s real estate sector has witnessed unprecedented growth in recent years with record capital deployment from both domestic and foreign investors, said A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd.
  • “The demand for integrated mixed-use environments in Faridabad/NCR has never been stronger.
  • We believe the modern consumer is seeking more than just a property and this seamless live-work-play ecosystem provides just that.
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Sources

  1. Bhumika Realty raises  Rs 170 cr to fund project in Faridabad

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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