KKR has invested Rs.700 crore in 3 realty projects

Q: KKR India Asset Finance Pvt. Ltd. has invested about Rs.700 crore in Gurgaon, Bengaluru and Mumbai projects in back-to-back transactions.

Ashish Bhoite, Mumbai

28th December 2015

Real estate News in Mumbai

mumbai real estate

gurgaon real estate

private equity firm

luxury residential project

bengaluru real estate

kkr india asset finance pvt. ltd

kohlberg kravis roberts

bhartiya city developers pvt. ltd

parthenon in andheri

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Replies (2)

Thanks Bashir and Aruabha,
Can you give me the brief idea about KKR India Asset Finance? When was the company came into existence?

Rishi Dev,

28th December 2015

Comment

Well Rishi,
KKR India Asset Finance, a non-banking finance company was set up 2 yrs ago to focus on lending to residential projects in top cities. It inked its first transaction in June 2014 when it invested about Rs.350 crore in Mumbai-based Wadhwa Group's luxury homes project, The Address, in suburban Ghatkopar.

bashir,

28th December 2015

As per the company, the deal flow was good though the risk was not less. KKR will continue to do structured debt transactions in 2016, and deal opportunities are expected to remain high.

Arunabha Gupta, Bangalore

28th December 2015

The capital raised from this deal will be used for Nikoo Homes-2, a new phase of the project. The project has been doing very well and sales have been good.

Similarly, SARE Homes' project, Crescent Park, in Sector-92 of Gurgaon, is a large township, and the developer plans to use the capital raised from KKR for project development.

bashir,

28th December 2015

Hi,
Where are those project located in those cities and how much they are investing in those projects?

Arunabha Gupta, Bangalore

28th December 2015

Comment

@Arunabha,
The local arm of private equity firm Kohlberg Kravis Roberts and Co. LP has invested Rs.200 crore in structured debt to SARE Homes' group housing project in Gurgaon, about Rs.250 crore in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru and another Rs.250 crore in a luxury residential project called Parthenon in Andheri, Mumbai.

bashir,

28th December 2015