Sunday, Apr 2 2023 | Time 01:20 Hrs(IST)
image
Business EconomyPosted at: Oct 21 2022 8:46PM


Motilal Oswal invests INR 260 cr in Urbanrise, a real estate developer

Hyderabad, Oct 21 (UNI) Motilal Oswal, one of India’s largest financial institutions has funded a sum of ₹260 Crore in Urbanrise - Alliance Group, South India’s largest Real Estate developer for the company’s upcoming three major projects in Bangalore and Hyderabad.
The funds were raised towards three upcoming projects including two projects Bangalore - 30 acres villa project on Kanakapura Road and the 7 acres high-rise apartment project in Whitefield --- and another 17.5 acres of high-rise apartment project in Nizampet, Hyderabad, the real estate developer company said in a release here on Friday.
The total saleable area in these three projects would extend to 6.2 million sq.ft. and would generate a revenue of Rs.4,600 crores.
Commenting on the funding by Motilal Oswal, Mr. Manoj Namburu, Chairman and Managing Director of Urbanrise and Alliance Group, said, we are pleased to announce that Motilal Oswal has funded three of our projects in one tranche, thereby marking a new beginning in our relationship. This has been possible due to our track record of promptly repaying every single of our loans taken over the last 18 years and even prepaying loans ahead of the loan tenure.
“We have partnered with Alliance Group – a leading developer based in South India having operations in Chennai, Hyderabad and Bangalore - for a total commitment of INR 260 Crore. We hope that this investment forms a foundation of a long-standing partnership with Alliance Group.” said Sharad Mittal – Executive Director & CEO | Real Estate Funds, MOTILAL OSWALAlternates.
UNI KNR GNK SHK2046
Please log in to get detailed story.
Tags: #Motilal Oswal invests INR 260 cr in Urbanrise# a real estate developer
More News
Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh cr in 2022-23

Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh cr in 2022-23

01 Apr 2023 | 6:19 PM

Mumbai, Apr 1 (UNI) During the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace (GeM) crossed the Rs 2 lakh crore mark, which is a remarkable achievement, said Union Commerce and Industry Minister Piyush Goyal, in Mumbai on Saturday.

see more..
GST mop-up tops Rs 1 60 lakh crore in March

GST mop-up tops Rs 1 60 lakh crore in March

01 Apr 2023 | 5:46 PM

New Delhi, Apr 1 (UNI) Driven by growing economic activities and higher compliance, India's goods and services tax (GST) collection recorded 13 per cent year-on-year jump to Rs 1.60 lakh crore in March, 2023.

see more..

01 Apr 2023 | 5:12 PM

Hosur, (Tamil Nadu), Apr 1 (UNI) Two and three-wheeler makers
TVS Motor Company registered a three per cent growth sales in
March 2023.

see more..

GST collection rises 13 pc year-on-year to Rs 1 60 lakh crore in March, 2023: Govt data

01 Apr 2023 | 4:57 PM

UNI NK.

see more..
Hyundai registers its highest ever annual total sales since inception in FY 2022-23

Hyundai registers its highest ever annual total sales since inception in FY 2022-23

01 Apr 2023 | 4:38 PM

Gurugram, Apr 1(UNI) Hyundai Motor India Ltd., has achieved its highest ever annual total sales volume (Domestic plus exports) of 720,565 units during FY 2022-23 with a YOY growth of 17.9 pc.

see more..
image