+
SBI Invests Rs.7.14 Bn in TCG's Gurugram Project
Real Estate

SBI Invests Rs.7.14 Bn in TCG's Gurugram Project

State Bank of India (SBI) has infused Rs.7.14 billion into TCG Real Estate's project in Gurugram, marking a significant investment in the real estate sector. The funding from SBI comes as a boost to TCG's ongoing project in Gurugram, reflecting confidence in its potential and the broader realty market.

This investment underscores SBI's commitment to supporting strategic initiatives in key sectors, particularly real estate, facilitating growth and development. TCG, a renowned player in the real estate domain, aims to leverage this financial backing to accelerate the progress of its Gurugram project, contributing to the region's urban infrastructure and economic landscape.

Gurugram, known for its burgeoning real estate market and commercial opportunities, stands to benefit from such investments, fostering sustainable development and enhancing its position as a prominent business hub. The infusion of funds from SBI not only strengthens TCG's position but also signals a positive outlook for the real estate sector, instilling confidence among investors and stakeholders.

This collaboration between SBI and TCG exemplifies the synergy between financial institutions and real estate developers, driving progress and innovation in the industry. As the project in Gurugram advances with SBI's support, it is poised to create value, generate employment, and contribute to the overall growth trajectory of the region.

State Bank of India (SBI) has infused Rs.7.14 billion into TCG Real Estate's project in Gurugram, marking a significant investment in the real estate sector. The funding from SBI comes as a boost to TCG's ongoing project in Gurugram, reflecting confidence in its potential and the broader realty market. This investment underscores SBI's commitment to supporting strategic initiatives in key sectors, particularly real estate, facilitating growth and development. TCG, a renowned player in the real estate domain, aims to leverage this financial backing to accelerate the progress of its Gurugram project, contributing to the region's urban infrastructure and economic landscape. Gurugram, known for its burgeoning real estate market and commercial opportunities, stands to benefit from such investments, fostering sustainable development and enhancing its position as a prominent business hub. The infusion of funds from SBI not only strengthens TCG's position but also signals a positive outlook for the real estate sector, instilling confidence among investors and stakeholders. This collaboration between SBI and TCG exemplifies the synergy between financial institutions and real estate developers, driving progress and innovation in the industry. As the project in Gurugram advances with SBI's support, it is poised to create value, generate employment, and contribute to the overall growth trajectory of the region.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?