Xander Advisors invests Rs 280 crore in Pune realty project

Q: Private equity firm Xander Advisors India has invested around Rs 280 crore in a residential project in Pune

anand modak, Pune

10th March 2015

Real estate News in Pune

private equity

pune real estate

real estate pune

aditya birla real estate fund

property news pune

xander advisors india

ozone group

residential project in pune

kumar urban development

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Replies (3)

Similarly,
Kumar Urban Development is currently selling 32 projects, of which 18 are under development spread over 6.2 million sq-ft in Pune and Mumbai.

Nagesh, Bangalore

11th March 2015

Comment

Hi Indranil,
NCDs are unsecured bonds that cannot be converted into the company's equity or stock and usually carry higher interest rates. This instrument, which offers healthy yields of 14-18%, has emerged as this year's tool-of-choice for real estate firms to raise money among tight liquidity as banks continue to be selective in extending loans to developers.

Currently, residential property rates in the locality are in the range of Rs 9,000 to Rs 11,000 per sq ft.

Kishore Pathak, Mumbai

10th March 2015

Comment

Thanks,
I also heard that the private equity funds have been increasingly investing in the Indian real estate sector with builders looking to raise money in the backdrop of slow sales and tight liquidity. Is it right?

Indranil, Gurgaon

10th March 2015

Yup,
private equity investments in real estate more than doubled in 2014 toRs 15,410 crore, indicating renewed interests among domestic and foreign investors for the Indian real estate sector.

In a recent such transaction, Aditya Birla Real Estate Fund invested Rs 150 crore in Bengaluru-based realty developer Ozone Group though non-convertible debentures.

Kishore Pathak, Mumbai

10th March 2015

As i know that the deal was closed last week and it will be a structured transaction, which includes private placement of non-convertible debentures (NCDs).

Kishore Pathak, Mumbai

10th March 2015

Comment

Hi,
What is NCD and how it works? I heard that they are investing at Karve Road, Pune. What is the current residential property rates in the locality?

Indranil, Gurgaon

10th March 2015