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Chennai (Tamil Nadu) [India], December 10 (ANI/BusinessWire India): While March of 2020 brought bad news with the pandemic hitting the world and businesses being affected badly. ....
In Mar 2020, ADIA (Abu Dhabi Investment Authority) and Kotak Realty Fund disbursed Rs.115 Crores to Alliance Galleria Residences project with a 4 year repayment period. Alliance Group through innovative sales strategies and marketing has managed to sell and generate funds to pre-pay the entire loan of Rs.115 Crores along with interest of Rs 25 Crores totalling to a total repayment of Rs.140 Crores in just 19 months instead of the 48 months period given by ADIA & Kotak Real Estate Fund. ....
The structured debt deal is against an affordable housing project, Revolution One. It has taken Kotak Realty Fund's total commitment to around Rs 800 crore across five projects in Chennai and Hyderabad. ....