For this company, there’s only one way to go: up! Having built over 5 million sq ft of residential and state-of-the-art industrial properties in Pune, Mumbai and other parts of India, today Nahar Group is constructing almost 1 million sq ft of space annually.
HDFC Property Fund has invested Rs 50 crore for a 21 per cent stake in Bengaluru-based Fortuna Projects’ SPV, which has been formed for two of the latter’s projects that will be launched in the next few months.
Bank credit is fast running out. Instruments and financiers to support the next wave of infrastructure development are works in progress. While infrastructure finance appears to be transiting towards maturity, Charu Bahri wonders if it is happening quickly enough.