BGO and Aditya Birla Sun Life AMC invest ₹350 crore in Namo Realtech to fuel real estate expansion
credit
platform of BGO, a global real estate investment management advisor and
Aditya Birla Sun Life AMC
has invested Rs 350 crore in
debt
to NCR-based Namo Realtech to fund its expansion in the real estate sector.
Namo Realtech is currently executing 2 projects in collaboration with
Max Estates
, spread over 30 acres with approximately 6.4 million square feet under development. The company holds an additional land bank, and is in the process of acquiring further land assets on which it intends to collaborate with established developers.
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'India's residential market continues to show strong potential, and this transaction reflects our confidence in its sustained growth,' said Bharat Khanna, Head of India at BGO.
The platform has committed to 9 projects across 5 cities focusing on post approval projects with established real estate partners.
'India's real estate sector has seen an increasing transformation in recent years with the help of government initiatives like GST and RERA. The funding is a testament to our shared vision of supporting high-value projects and driving long-term value creation,' said A Balasubramanian, Managing Director & CEO,
Aditya Birla Sun Life AMC
Ltd.
With the Namo Realtech deal, the platform has committed USD $100 Million across 10 deals with 7.8 million sqft of area under management. The platform targets to achieve USD 1 Billion of deployed
capital
under this strategy by 2028.
AZB & Partners, Quantum and Trilegal acted as advisors on the transaction.
Namo Realtech plans to launch its next project, a
premium
residential project in Gurgaon in collaboration with Max Estates.
'As we continue to scale, this investment will allow us to accelerate our future plans with regard to new projects that are already in the pipeline and at fairly advanced stages of discussion with other potential collaborators,' said Mohit Jain, Managing Director at Namo Realtech.
Mohit Jain, was responsible for establishing Krisumi Corporation in India in a Joint Venture with Sumitomo Corporation of Japan.
Aditya Birla Capital Limited
and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of Aditya Birla Sun Life AMC Limited (ABSLAMC), which is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.
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