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Shriram fastens the process of fund rise

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Fund raising is on full swing by Shriram Properties for their fourth coming projects across many prime locations across the nation. According to the sources of www.propertykhazana.com around Rs. 650 crores is on the target of collection for these projects. The cities includes in the tariff of the Shriram group the coming ventures are Vizag, Kolkata, Chennai and Bangalore. The company also has made a noted amount of fund rise to Rs 890 crores from its various networks.
On a short note with the managing director of the company – Murali stated that this fund will be utilized for their new ventures at Chennai, Bangalore and Ahmedabad. The process of fund rising is on full process with various source and is also applying the model of special purpose vehicle. Source of www.propertykhazana.com also reveals that Shriram group is making use of their overseas contacts to maintain this high figure of funds to their account. A noted German group based on hypo real estate is one among those foreign touch for making the fund rise successful.
Around 125 acres of land mass has been notified for their upcoming project in Chennai – GST road. With the same pattern there are few more on the calendar for the some locations of Kolkata and Bangalore. These projects are parted with varied ranges of space and price tags. For the budget units the company has already received a huge bookings and almost same response is gearing up the premium units of the company at these sites. For more updates visit www.propertykhazana.com .
Source: NBTVLIVE

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