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…