Adarsh Developers Plan On Expanding Their Bengaluru Portfolio
The fundraising comes at a time when lenders, especially non-banking finance companies (NBFCs), have become cautious, in turn slowing down refinancing of debt of real estate developers. New funding has also been affected in the last few months; post the default by Infrastructure Leasing & Financial Services.
The company plans to use the money to develop about 7,000 residential units including affordable and luxury houses across Bengaluru. Over the next 10 months, it plans to launch six residential projects across affordable and luxury, priced from `38 lakh to `3.5 crore.
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