Supertech a well known builder and the one who created the impactful niche in the real estate sector has raised Rs 400 crore from the private equity firm Xander to finance its forthcoming township and housing projects in Gurgaon.
Moreover, the company is going to build up plots independent homes and villas, spread over 140 acre township at an investment of about Rs 1,100 crore.
“Supertech has obtained an investment of Rs 400 crore (USD 66 million) from the Xander Group a Singapore based real estate investment arm,” statement by the company. Also added, investment has made in the township and group Housing Project in Gurgaon.
At the time of contact, Supertech Director Mohit Arora said the company has delegated almost 50 per cent stake in the township to Xander group.
And Shortly the company would develop almost 1,200 plots/low rise independent homes and even 300 villas in the township.
Partner at Xander investment Management, Singapore, Rohan Sikri said, “We see National Capital Region as a vital market for us in India and the relationship with Supertech emphasize our investment eagerness for end user focused residential projects with worthy partners.”
Nearly project worth more than Rs 18,000 crore in hand, Supertech has over 90 million sq ft space under development.Available in Greater Noida, Gurgaon, Ghaziabad, Haridwar, Rudrapur, Bangalore and Noida.
Xander Group Inc is a worldwide investment firm focused on the infrastructure, retail, real estate market and hospitality And Since 2005, the firm has truly committed over USD 2 billion of capital to the Indian Market across