Tag: SWAMIH Investment Fund I

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SWAMIH Fund Approves ₹115 Crore for Antriksh Valley Project

Representative AI image NEW DELHI: The SWAMIH Investment Fund I, supported by the government, has approved an investment of up to ₹115 crore for the completion of the stalled residential project Antriksh Valley (now known as The Valley) in Greater Noida West’s sector 1. As per the sanction letter, the fund’s investment committee has granted final approval for an investment of up to ₹95 crore, with an additional ₹20 crore contingent upon further internal approvals and project progress review. This investment will be made through non-convertible debentures (NCDs) issued by Diligent Builders, the project developer. The funds will be strictly…

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ATS HomeKraft repays ₹1,250 crore to HDFC Capital Fund

NEW DELHI: ATS HomeKraft has successfully repaid ₹1,250 crore to HDFC Capital Affordable Real Estate Fund–2 (HCARE-2). This repayment was made using internal cash flows from the HCARE-2 portfolio projects. The HCARE-2 portfolio with ATS HomeKraft included over 7,500 housing units, with total sales estimated at around ₹8,000 crore. Vipul Roongta, CEO and MD of HDFC Capital, stated, “Many projects in the portfolio have experienced price increases of nearly three times in 4–5 years, indicating strong demand for quality mid-income housing.” The company has also recently prepaid ₹190 crore to the SWAMIH Investment Fund I for its ATS Marigold project…