BlackSoil Realty Fund invests in Mumbai project - Dollar Advisory & Financial Services

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Thursday 30 June 2016

BlackSoil Realty Fund invests in Mumbai project

BlackSoil Realty Fund - I has made its 6th interest in Sankrit Group's up and coming and verging on prepared ventures at Bandra (West). The Fund has contributed Rs 35 crore by subscribing to non-convertible debentures issued by the engineer.

The Mumbai-based asset has made five different interests in the past in Mumbai, Chennai, Bengaluru and Hyderabad. It is supported by promoters of industry monsters, for example, Allcargo Logistics and Navneet Education Groups. The Category-II AIF has as of late done its end at Rs 160.2 crore, leftover assets of which it arrangements to put resources into the present year.

The assets have been put resources into two activities of Sankrit Group, one being a joint endeavor with Shreeji Combine in the rich areas of Bandra (West), off Waterfield street. Both undertakings are single tower structures giving best in class offices and simple entry to the airplane terminal and also Bandra-Worli Sea join.

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