Tag: Ramji Subramaniam

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WSB Partners Invests ₹75 Crore in Sowparnika Projects

Representative AI image NEW DELHI: WSB Partners has made a ₹75 crore investment in Sowparnika Projects to aid in the developer’s expansion within Bengaluru. This marks WSB Partners’ ninth investment in the company, with the funds primarily allocated for growth capital. In the past four years, WSB Partners has invested over ₹500 crore across six transactions with Sowparnika, involving six residential projects focused on mid-income housing in Bengaluru and other southern markets. According to Ramji Subramaniam, managing director of Sowparnika Projects, this latest investment will enhance the company’s financial flexibility and bolster its growth objectives in Bengaluru. Published On Jul…

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Sowparnika Projects targets ₹500 crore to double revenue

Sowparnika Projects, a prominent real estate developer in South India, is in the final stages of raising ₹500 crore to support its expansion and enhance its project portfolio over the next 18 to 24 months. “We are negotiating with several funds, including Neo Alternative Asset Managers, WSB Real Estate Partners, and ASK. The company has received approvals for transactions from some of these investors and is aiming to finalize the ₹500 crore target,” stated Ramji Subramaniam, Managing Director of Sowparnika Projects. “In the next two years, we plan to develop 5.5 million sq ft across Bengaluru, Kerala, and Tamil Nadu,”…