Edelweiss Group in a recent move has infused Rs. 115-cr in real estate developer, Sethia Group’s projects as construction finance to develop two of its projects in western suburbs of Mumbai.
The Mumbai-based developer will be utilizing the funds to develop two of its recently launched projects- Sethia Grandeur in Bandra and Kalpavruksh Heights in Kandivali suburb, and these projects are expected to be delivered by 2018. “The Choice Capital Advisors was the sole advisors for the transaction. The Sethia Group is engaged in development of residential, commercial, and industrial parks and has over 5 million sq. ft. of ongoing and planned development across segments. The company is aiming to develop around 20 million sq. ft. of residential, commercial, and retail projects over the next one decade,” said Basantraj M. Sethia, Managing Director, Sethia Group.