This Project is part of the larger layout being developed by Sheth group in Thane. At the location Sheth Corp has already delivered over 1.5 msft of residential projects and 1m sft of retail mall “Vivana Mall” which is owned by the Group jointly with GIC of Singapore. Mango Advisors LLP were the financial advisors to the transaction.
Sanjay Grewal, CEO, Altico Capital, said: “We are very pleased to be associated with Sheth Corp which is promoted by Ashwin Sheth who is an established developer in Mumbai with over 12 m sft delivered across residential, commercial and residential assets."
Altico Capital is a non-banking financial company (NBFC), sponsored by Clearwater Capital, Abu Dhabi Investment Council and Varde Partners. Altico has been a consistent lender to the real estate segment and plans to deploy Rs3,000-4,000 crore on an annual basis into the residential and commercial real estate sectors across Tier-1 cities in India. It has also recently announced that it will deploy appox. Rs1,000-1,250 crores in the NCR market in the current financial year.
Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.
- Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
- Now Save Rs.3150 on your Demat Account ...Click here
- Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
- Get the most detailed result analysis on the web - Real Fast!
- Actionable & Award-Winning Research on 500 Listed Indian Companies.