New Delhi, Dec 23 (UNI) Development firm Vatika today entered into a deal of Rs 700-crore from Altico Capital, a non-banking financial company for investment into a portfolio of projects. Altico Capital also released the first tranche of Rs 475-crore and the remaining fund will come in subsequent stages as the project is being developed over several phases, both the companies said in a joint statement. Sanjay Grewal, CEO, Altico Capital said, “We have partnered with a top notch real estate developer in North India with over 25 years of track record and having delivered 42-million sq ft and another 50-million sq sft under development across residential townships, offices and hotels and having established itself as an active stakeholder in the development of Gurgaon.” The investment aims to underwrite projects within a township development wherein catchment and marketability has been established. UNI ASH SNU 1415