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The Noida-based developer had raised Rs 430 crore from Altico Capital last week.
Altico Capital's investment is towards the development of Supertech's Capetown project in Sector-74, Noida, which includes ORB and CapeLuxe Towers.
Supertech Capetown is one of the largest group housing projects of NCR with 8,000 residential units.
This project is an advanced stage project totalling around 11 million sq ft, of which around 5.5 million sq ft has been delivered and possession has been handed over to over 4,300 units.
Supertech is focusing on delivery of projects and has handed over more than 22,000 homes in the last 3 years. It is working towards achieving the delivery target of 10,000 homes this financial year.
Its sales bookings fell to about Rs 1,500 crore last financial year from around Rs 3,000 crore in the previous year. But the company expects sales to improve this financial year.
The company has projects in Noida, Greater Noida, Ghaziabad, Gurugram, Meerut, Muradabad, Dehradun, Haridwar, Rudrapur and Bengaluru.