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 Energy

08 Oct 2025

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..

ONGC To Invest Rs 8.11 Billion In Andhra Onshore Oil, Gas Project

The Oil and Natural Gas Corporation Limited (ONGC) is set to invest Rs 8.11 billion for the onshore development and production of oil and gas from 172 wells across eight Production Mining Licence (PML) blocks in Andhra Pradesh.A committee under the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) for the project during a review meeting held last month.According to the Expert Appraisal Committee (EAC) minutes, the total project cost is estimated at Rs 8.11 billion, with a capital allocation of Rs 172 million towards the Environment Managem..

Tripura To Supply 40 MW Power To Mizoram For Christmas

The Tripura State Electricity Corporation Limited (TSECL) will supply 40 megawatts (MW) of power to Mizoram during the upcoming Christmas celebrations, continuing a long-standing tradition of power exchange between the two north-eastern states, officials confirmed on Sunday.During Durga Puja, the Mizoram State Power Corporation (MSPC) had supplied an equivalent 40 MW of electricity to Tripura to ensure an uninterrupted power supply during the festive period.“We had an agreement to receive 40 MW during Durga Puja, although the full amount was not utilised due to lower-than-expected demand in ..