Credent Global Finance in talks to raise Rs 5 bn for tier-II projects

27 Jan 2023 CW Team

Credent Global Finance (CGF), a BSE-listed, Sebi-registered NBFC, is in discussions to raise Rs 5 billion through AIF to fund mid-segment real estate development projects in tier 2 cities.

According to CBRE, investment in real estate in India increased by 32% year on year to an all-time high of $7.8 million in 2022. Credent has acquired Essel Finance Private Equity in an all-cash transaction. This private equity firm has invested a little over Rs 2 billion in seven investee companies located in Mumbai, Pune, and Bengaluru. These investments are being sold by the company.

The new fund will be divided into two AIFs, one focusing on tier 2 cities and the other on independent housing. Indore, Chandigarh, Lucknow, and Baroda are among the cities under consideration.

According to a recent survey, Ahmedabad, Vadodara, Nashik, Gandhi Nagar, and Jaipur have emerged as the top five tier-II cities in terms of residential property market growth, owing to growing urbanisation, industrialisation, and the rise of the IT industry. According to the survey, there has been a significant increase in both absorption and supply of quality residential homes in various price ranges in these locations. The report has tracked performance of the residential segment of the real estate sector in various tier-II cities from FY 2017-18 to FY 2021-22.

Also Read
Gati Shakti will assist in lowering logistical barriers: DPIIT
The Railway Ministry launches INR 2 trillion budgetary push

Infrastructure Urban

10 Apr 2026

Güntner Showcases Cooling Tech at China Expo

Güntner showcased its latest refrigeration and air conditioning innovations at China Refrigeration 2026, highlighting digital intelligence and carbon-neutral solutions.The company presented its aicore™ Controls and IoT platform, designed to optimise energy consumption, enable remote monitoring and enhance lifecycle management of cooling systems. The solution integrates advanced controllers and cloud-based capabilities to improve operational efficiency and reduce energy use.Güntner also demonstrated advancements in heat pump technologies, including its role in projects such as the Ordos Zer..

Superb Realty Ties Up with Praan for AI Air Tech

Superb Realty has partnered with Praan to deploy AI-powered autonomous air infrastructure across over one million sq ft of real estate in Mumbai, marking a significant move towards intelligent indoor environments.The rollout will begin at Superb Altura and expand across upcoming residential and mixed-use developments. The initiative aims to integrate real-time sensing, adaptive purification and AI-led optimisation to improve indoor air quality and occupant experience.Praan’s technology is designed to remove ultrafine particles significantly smaller than conventional systems and eliminate har..

DAAKit Raises $138,000 in Pre-Seed Round

DAAKit has raised $138,000 in a pre-seed funding round led by Inflection Point Ventures to expand its hyperlocal fulfilment network and strengthen technology capabilities.The company plans to use the funds to launch 25 new dark stores across Tier I and Tier II cities, enhance its technology infrastructure, and expand its leadership and operations teams. Currently operational in Delhi, Gurugram, Mumbai, Bengaluru and Kolkata, DAAKit is also piloting expansion into Tier II markets through Lucknow.Built on an asset-light, technology-driven model, the platform enables brands to position inventory ..