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Ackruti obtains INR 10 Billion Funds

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Ackruti City will receive a financial assistance of 10 billion rupees for 15 realty ventures and is having deal to raise the funds for another 4 to 5 projects. On a short note with www.propertykhazana.com, The CFO of Ackruti City said that “The financial closings of approx INR 2,000 Crores Rupees with various banks and financial institutions are closed. The proposed commercial projects in Mumbai, Thane and Pune regions will be undertaken with the funds received,” he added.
Most of the real estate firms receive the funding from SBI, UBI, Bank of India, Canara Bank, Overseas Bank and other places. As per the source of www.propertykhazana.com however, Ackruti is building 13 million sq feet of residential areas, out of which 4 million is in Pune and the rest in Mumbai and Thane regions.
Ackruti has contacted many banks for raising funds for 4 to 5 projects. Ackruti is also venturing into another 7 to 8 residential and business establishments for the next three months. MD of Ackruti City, told www.propertykhazana.com that,” company would look at funding for its projects which would cost approx USD 65 million dollars to USD 150 million dollars. For more updates, please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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