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Kotak invests Rs 320 crore in realty projects
The development of these two projects is a debt financing deal which will be used for construction. The project in Mumbai spans 250,000 sq ft and is being developed by a local developer. It is located on the Andheri-Kurla Road. The development in Chennai is located in Old Mahabalipuram, and the company has invested in a leasable areadspanning 540,000 sq ft, of which 60 per cent has been leased. It is being developed by OMR Mall Developers.
Kotak Realty Fund has so far raised $1.47 billion and invested in 40 projects across sectors. According to reports, it is also looking at several deals and will invest in the most viable opportunities.
Kotak Realty Fund has reportedly invested a total of Rs 320 crore in two projects located in Chennai and Mumbai from its $250 million offshore-fund. The company has invested in a Rs 80-crore office project in Mumbai and Rs 240 crore in a shopping mall in Chennai. Both these projects are currently under construction. The development of these two projects is a debt financing deal which will be used for construction. The project in Mumbai spans 250,000 sq ft and is being developed by a local developer. It is located on the Andheri-Kurla Road. The development in Chennai is located in Old Mahabalipuram, and the company has invested in a leasable areadspanning 540,000 sq ft, of which 60 per cent has been leased. It is being developed by OMR Mall Developers. Kotak Realty Fund has so far raised $1.47 billion and invested in 40 projects across sectors. According to reports, it is also looking at several deals and will invest in the most viable opportunities.