Alliance Group gets Rs 165 cr from Kotak for realty project in Chennai

11 Oct 2021 CW Team

Real estate company Alliance Group has raised Rs 165 crore from Kotak Realty Fund for an ongoing residential project in Chennai.

The debt was taken against affordable housing projects. It has taken nearly Rs 800 crore from Kotak Realty Fund for five housing projects in Chennai and Hyderabad.

The Old Mahabalipuram Road project of the Alliance Group is spread across 12.5 acres and has 4,000 units worth Rs 30 lakh to Rs 55 lakh each.

Chairman of Alliance Group, Manoj Namburu, said that the company closed two deals with Kotak during the Covid-19 pandemic and expanded its business in Hyderabad. The last funding round was used to provide an exit to Indostar.

Kotak Investment Fund had previously invested in Alliance Group's residential project in 2016 from its $400 million funds raised in 2014 from Abu Dhabi Investment Authority.

Currently, the company has 20,000 houses under different stages of construction and plans to build 50,000 more units in the next three years.

Namburu said that there are always a lot of tailwinds situation in business, but having a strong finance partner helps the company to expand quickly and brings opportunity in diversity.

The real estate firm also speaks with institutional funds of warehousing space, besides increasing its reach in commercial sectors.

Image Source

Also read: Shrem group plans to raise Rs 600 cr by diluting 15% stake in InVIT

Real Estate

10 Nov 2025

Godrej Interio Powers Kerala Metro Projects

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.Speaking on the milestone,..

Godrej Interio Powers Kerala Metro Projects

Interio by Godrej, a flagship furniture and turnkey solutions brand from the Godrej Enterprises Group, has expanded its presence in Kerala’s infrastructure development landscape by securing and executing projects worth more than ₹90 crore in Kochi. The portfolio includes a Rs 690 million Electrical & Mechanical (E&MVAC) work order from Kochi Metro Rail (KMRL) for Phase 2 of the Kochi Metro, along with the successful completion of a Rs 240 million design-and-build project for Kerala State Information Technology Infrastructure (KSITIL) at Kochi’s Infopark.Speaking on the milestone,..

Gartner Recognises Newgen as Niche Player

Newgen Software, a global provider of AI-enabled end-to-end automation solutions, announced that it has been recognized as a Niche Player in the 2025 Gartner® Magic Quadrant™ for Business Orchestration and Automation Technologies (BOAT). The recognition reflects Newgen’s ability to execute and the completeness of its strategic vision.The Gartner report evaluated 20 global vendors to guide enterprises in selecting the right business process automation platform. According to Gartner, BOAT is a unified software platform that enables enterprise-wide automation through capabilities such as pro..