Tag: BGO

IndustryLatest Stories

Bhumika Realty Secures ₹170 Crore for Faridabad Project

NEW DELHI: Bhumika Realty has secured ₹170 crore from the joint real estate credit platform of Aditya Birla Sun Life AMC and BGO for its mixed-use project in Faridabad. The funds will be allocated towards construction expenses, advancing development efforts, and covering working capital needs. Cushman & Wakefield served as the transaction advisor for this deal. In June 2022, Aditya Birla Sun Life AMC and BGO announced their partnership to create a structured credit investment vehicle. To date, this platform has committed USD 130 million across thirteen projects in six cities, aiming for a total of $1 billion in deployed…

IndustryLatest Stories

Elan Group Secures ₹140 Crore in Debt Financing

NEW DELHI: The Gurugram-based Elan Group has secured ₹140 crore in debt from a real estate credit platform run by BGO and Aditya Birla Sun Life AMC, according to sources familiar with the matter. The company had earlier raised ₹250 crore from Piramal Finance to fund a different commercial project in the city. Additionally, Elan Group has successfully repaid a ₹875 crore debt from Asia Pragati Strategic Investment Fund, which is part of PAG, one of Asia’s largest private investment firms. Asia Pragati provided ₹875 crore to the Elan Group in 2022, aimed at fostering their growth capital. Published On…

IndustryLatest Stories

BGO and Aditya Birla Sun Life AMC Provide ₹350 Crore to Namo Realtech

Representative image created by AI NEW DELHI: BGO and Aditya Birla Sun Life AMC have invested ₹350 crore in debt funding for Namo Realtech to support its growth in the real estate sector. Mohit Jain, Managing Director of Namo Realtech, stated, “This investment will enable us to fast-track our upcoming projects that are already in advanced stages of discussions with potential partners.” With this deal, Namo Realtech has secured commitments totaling $100 million for ten projects, managing around 7.8 million sq ft of real estate. Additionally, in collaboration with Max Estates, the company plans to launch a residential project in…