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Home > Forum > Mumbai > Real estate News > Xander Group has invested Rs 370 crore in Kapstone Constructions

Xander Group has invested Rs 370 crore in Kapstone Constructions

Q: Hi, The private company of the global investment firm Xander Group has invested Rs 370 crore in Kapstone Constructions.

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Replies (1)
1
Hi,
What is the used of that received capital? How many private investment has been done before in kapstone Construction?
Lokesh Patwa


Hi Lokest,
As i heard in Business Line that the capital received will be utilised for reducing debt and for further growth of the Rustomjee group such as townships, premium residential projects and redevelopment schemes in Greater Mumbai. This is the fifth private equity investment in their company.
Diwakar Shetty,  
23rd April 2014


Well Diwakar,
Which is the current project developed by the Rustomjee Group and their area of focus?
Lokesh Patwa,  
23rd April 2014


@Lokesh,
Kapstone Constructions is currently developing Rustomjee Urbania township in Thane spread across 127 acres. The firm is focusing on the infrastructure, hospitality, retail and real estate markets.
Diwakar Shetty,  
23rd April 2014


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