WSB Real Estate invests Rs 1.65 bn in Sowparnika projects
Real Estate

WSB Real Estate invests Rs 1.65 bn in Sowparnika projects

Alternative investment platform Walton Street BlackSoil Real Estate Debt Fund II has invested Rs 1.65 billion in Sowparnika Homes Pvt Ltd for a portfolio of projects across Bengaluru.

These projects cater to the mid-income and affordable segment with an average ticket size of Rs 50 lakh, and are located near key employment centres and IT hubs such as Sarjapur Road, Whitefield and Old Madras Road.

“This is the biggest investment made by WSBREDF-II and we will facilitate the delivery of 2,750 homes in the above category,” said Vimal Jangla, managing partner of WSB Real Estate Partners.

Sowparnika has delivered more than 5 million square feet, covering more than 7,500 homes, in this segment, and currently has 4,500 homes spread across 4 million sq ft under development in Bengaluru.

“Our partnership with Walton Street BlackSoil will help us deliver high-quality value homes and timely delivery of apartments to end users in the affordable and mid-income segment,” said Ramji Subramaniam, promoter of Sowparnika Projects.

WSBREDF-II recently invested over Rs 1.05 billion in two under-construction mid-income housing projects of Pune-based realty developer Paranjape Group.

See also:
Uttar Pradesh to construct 860,000 houses under PMAY
https://www.constructionworld.in/latest-construction-news/real-estate-news/uttar-pradesh-to-construct-860-000-houses-under-pmay/37644
Navi Mumbai: Plot sold for record Rs 554,000 per sq m
https://www.constructionworld.in/latest-construction-news/real-estate-news/navi-mumbai--plot-sold-for-record-rs-554-000-per-sq-m/37641

Alternative investment platform Walton Street BlackSoil Real Estate Debt Fund II has invested Rs 1.65 billion in Sowparnika Homes Pvt Ltd for a portfolio of projects across Bengaluru. These projects cater to the mid-income and affordable segment with an average ticket size of Rs 50 lakh, and are located near key employment centres and IT hubs such as Sarjapur Road, Whitefield and Old Madras Road. “This is the biggest investment made by WSBREDF-II and we will facilitate the delivery of 2,750 homes in the above category,” said Vimal Jangla, managing partner of WSB Real Estate Partners. Sowparnika has delivered more than 5 million square feet, covering more than 7,500 homes, in this segment, and currently has 4,500 homes spread across 4 million sq ft under development in Bengaluru. “Our partnership with Walton Street BlackSoil will help us deliver high-quality value homes and timely delivery of apartments to end users in the affordable and mid-income segment,” said Ramji Subramaniam, promoter of Sowparnika Projects. WSBREDF-II recently invested over Rs 1.05 billion in two under-construction mid-income housing projects of Pune-based realty developer Paranjape Group. See also: Uttar Pradesh to construct 860,000 houses under PMAY https://www.constructionworld.in/latest-construction-news/real-estate-news/uttar-pradesh-to-construct-860-000-houses-under-pmay/37644 Navi Mumbai: Plot sold for record Rs 554,000 per sq m https://www.constructionworld.in/latest-construction-news/real-estate-news/navi-mumbai--plot-sold-for-record-rs-554-000-per-sq-m/37641

Related Stories

Gold Stories

Next Story
Real Estate

L&T Wins Mega Order for India’s Largest NVIDIA B300 AI Factory

Larsen & Toubro (L&T), through Vyoma.AI’s AI infrastructure subsidiary LTN Compute, has secured a mega order to develop what the company describes as India’s largest single-cluster AI infrastructure facility. The NVIDIA B300 AI Factory will support US-based AI cloud company Together AI’s platform for large-scale inference, fine-tuning and training workloads.The integrated AI Factory will be hosted at Vyoma.AI’s Chennai data centre campus and will have a capacity of 10,000 NVIDIA B300 GPUs. The platform will combine hyperscale data centre infrastructure, accelerated computing, h..

Next Story
Infrastructure Urban

Autodesk Elevates Nikhil Bagalkotkar to Lead AEC in India, SAARC

Autodesk has elevated Nikhil Bagalkotkar as Head – Architecture, Engineering and Construction (AEC), India and SAARC, with immediate effect.In his new role, Bagalkotkar will lead Autodesk's AEC business strategy across the region and drive adoption of the company's Design and Make platform. He will also focus on promoting digital design and construction technologies to help customers accelerate innovation and deliver more sustainable and resilient infrastructure.Bagalkotkar will be responsible for expanding Autodesk's AEC business, strengthening customer and partner engagement, and accelerat..

Next Story
Real Estate

Listed Developers' Pre-Sales Seen Rising 22.3 Per Cent in FY27

India's leading listed residential developers are expected to sustain strong sales momentum in FY27, with combined pre-sales of 11 major players projected to rise 22.3 per cent year-on-year, according to an analysis by ANAROCK Research & Advisory.Combined pre-sales of the developers are estimated to increase from Rs 1.49 trillion in FY26 to Rs 1.82 lakh crore in FY27. ANAROCK attributed the growth to sustained end-user demand, new project launches and strong execution despite higher property prices, construction costs and global uncertainties.Dr Prashant Thakur, Executive Director and Head..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement