Altico plans to place itself in the growth corridor by investing in a mix of advanced brownfield projects and early stage projects
The investment was made for a residential township named 'KUL Ecoloch', located near Hinjewadi, Pune
Takes total investment in Bengaluru to Rs 600 cr
Funding in tranches; proceeds to used by developer for refinancing existing lender and for project construction
Altico Capital is backed by financial sponsors including Clearwater Capital Partners, Abu Dhabi Investment Council and Varde Partners
Plans to deploy the funds apart from the $400 million infusion in mid-income and affordable housing segments
Has entered into a multi-project financing arrangement with Pune-based Marvel Developers