MUMBAI: Rodium Realty today said it has raised Rs 36 crore from Capri Global Capital to construct a mixed-use project in Mumbai.
The company has raised the fund in the form of structured debt. Property consultant JLL India was the advisor for the transaction.
The investment is for a premium mixed-use redevelopment project in Kandivali West, Mumbai, which consists of prime retail shops and premium residences.
“The funds will be used to accelerate construction and to speed up the delivery timeline,” the company said in a statement.
Capri Global Capital Ltd (CGCL), which is a non-deposit accepting, non-banking financial company, offers various customised solutions to real estate developers and SME businesses.
“These funds from Capri will help us in timely achieving of planned cash flows, maintaining the construction pace and completing this landmark project,” said Deepak Chheda, Chairman and Managing Director, Rodium Realty.
Capri Global Capital Director Rajesh Sharma said the investment is in-line with its focus on funding to mid affordable housing segment.