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KKR, Altico pump Rs 435 crore into Gurgaon realty project

KKR has extended Rs 120 cr for the development of the project, while Altico has pumped in another Rs 315 cr

Raghavendra Kamath  |  Mumbai 

Global investor KKR and non-banking finance company Altico Capital have invested Rs 435 crore in a residential project of SARE Homes in Gurgaon in the National Capital Region. The township project is at Sector 92. The project is spread across 66 acres with a residential development potential of about 6.5 million sq ft.  KKR, through its real estate-focused non-bank finance company, has extended Rs 120 crore of financing for the project. Altico has invested Rs 315 crore. Sanjay Nayar, chief executive officer (CEO) of KKR India, said: “We are happy ...

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