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

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

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

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

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?