Aditya Birla Finance, a subsidiary of Aditya Birla Capital, extends Rs 40 crore debt to Agami Realty's premium residential project near Mumbai's BKC. The project covers a quarter-acre of land with a development potential of 1 lakh sq. ft and a free-sale component of 45,000 sq. ft. The revenue potential is estimated at over Rs 225 crore. Prashant Khandelwal, CEO of Agami Realty, expresses confidence in the funding. Aditya Birla Capital recently raised Rs 3,000 crore through QIP with a robust investor response. Designed by Reza Kabul, the project offers 2.5 and 3-bed residences with sky-decks, priced from Rs 4 crore onwards.
.png)
Agami Realty, an esteemed real estate player, sets its sights on a grand residential endeavour in the prestigious locale of Kala Nagar, adjacent to Mumbai's bustling business district, Bandra-Kurla Complex (BKC). In a resounding show of confidence, Aditya Birla Finance, a subsidiary of Aditya Birla Capital, extends a substantial debt of Rs 40 crore to fuel the project's ambitious aspirations. Sprawled across a quarter-acre expanse, this project promises to be a haven of opulence, boasting a development potential of an impressive 1 lakh sq. ft, which includes a generous free-sale component spanning 45,000 sq. ft. Such boundless potential translates to a revenue projection surpassing Rs 225 crore, fuelled by the prevailing pricing trends that attract discerning investors.
With the project's financial closure achieved, Agami Realty's CEO, Prashant Khandelwal, expresses gratitude for Aditya Birla Capital's unwavering support, as it empowers them to execute the project ahead of schedule and with impeccable finesse. Aditya Birla Capital's financial prowess remains unmatched, evident in their recent feat of raising a remarkable Rs 3,000 crores through a successful Qualified Institutional Placement (QIP). Foreign portfolio investors, sovereign wealth funds, and domestic institutional investors enthusiastically responded to the offering, underlining the firm's standing in the financial landscape.
Agami Realty boasts a noteworthy legacy, having successfully delivered over 25 projects, encompassing a sprawling 2.5 million sq. ft across Mumbai Metropolitan Region (MMR). With four ongoing projects spanning 5 lakh sq. ft and four more in the pipeline, poised for development in a sprawling 1 million sq. ft area, the company exemplifies an unwavering commitment to elevating Mumbai's urban landscape with an artful fusion of elegance and innovation.
The strategic collaboration between Agami Realty and Aditya Birla Finance emerges as a shining testament to the potential of remarkable real estate ventures. Their union fortifies Mumbai's status as a crucible of architectural brilliance and offers a glimpse into the world of sophisticated urban living. With a shared vision of creating abodes that resonate with the discerning elite, this partnership heralds a new era in Mumbai's ever-evolving cityscape.
Advertisement
Facebook
Whatsapp
