Latest news with #NamoRealtech
Time of India
28-07-2025
- Business
- Time of India
BGO and Aditya Birla Sun Life AMC extends ₹350 crore debt funding to Namo Realtech
NEW DELHI: BGO and Aditya Birla Sun Life AMC have provided ₹350 crore in debt funding to Namo Realtech to fund its expansion in the real estate sector. Mohit Jain , managing director at Namo Realtech said, "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." With the Namo Realtech deal, the platform has committed $100 million across 10 deals with 7.8 million sq ft of area under management. The company in collaboration with Max Estates is also planning to launch a residential project in Gurugram . AZB & Partners, Quantum and Trilegal acted as advisors on the transaction. BGO and Aditya Birla Sun Life AMC had collaborated to form a structured credit investment vehicle in June 2022, offering financing solutions f projects. So far they have committed funding to nine projects across five cities. The platform targets to achieve USD 1 Billion of deployed capital under this strategy by 2028.
News18
28-07-2025
- Business
- News18
Namo Realtech borrows Rs 350 cr from BGO-Aditya Birla Sun Life AMC platform
Mumbai, Jul 28 (PTI) Namo Realtech on Monday said it has borrowed Rs 350 crore from a real estate lending platform of BGO-Aditya Birla Sun Life AMC. The borrowing is for a residential development in Gurgaon, as per an official statement. The structured credit investment vehicle launched in June 2022 has committed USD 100 million across 10 deals till now, and is aiming to increase deployments to USD 1 billion by 2028 under the strategy, it said. 'We remain dedicated to providing strategic real estate credit solutions that foster growth and innovation in India's property sector," the AMC's managing director and chief executive A Balasubramanian said. Bharat Khanna, the head of India for BGO, a global real estate investment management advisor, said the real estate market in the country is thriving and the residential market shows potential. Namo's managing director Mohit Jain said the investment by the platform will allow the company to accelerate its future plans. PTI AA DRR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
28-07-2025
- Business
- Time of India
BGO and Aditya Birla Sun Life AMC invest ₹350 crore in Namo Realtech to fuel real estate expansion
Real estate 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. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Others MBA Data Analytics Public Policy CXO others Management Artificial Intelligence Degree PGDM Data Science MCA Project Management Cybersecurity healthcare Technology Healthcare Finance Data Science Operations Management Product Management Digital Marketing Leadership Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details '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.
