Business Standard

Kotak India Affordable Fund to invest Rs 40 cr in Shriram's Kolkata project

This project will be launched in 2019 as part of Shriram Grand City, an integrated township with over 33 million sq ft of saleable area under development

RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment
Premium

RBI has said banks and HFCs need to strengthen their screening process in respect of lending to the segment

T E Narasimhan Chennai
Kotak India Affordable Fund will invest up to Rs 40 crore in Shriram Grand 2 — an affordable project in Kolkata — developed by Shriram Properties (SPL), part of Chennai-based Shriram Group.

The company has entered into a partnership with Kotak India Affordable Housing Fund-I (KIAHF) for development of the next phase of affordable housing projects, coming up as part of Shriram Grand City in Kolkata.

KIAHF will invest up to Rs 40 crore towards 50 per cent economic interest in the proposed development of Shriram Grand 2. KIAHF is an affordable housing fund managed by Kotak Investment Advisors and has CDC

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2019 | 12:26 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com