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Suncity to gain funds through PE funds for Gurgaon

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Blue print for the SEZ across the country has risen to a very peak level and now there are huge demands for this structure around the major cities. According to the recent sources of www.propertykhazana.com it was found that the noted brand in realty – Suncity Developer will be raising a whooping sum of around INR 500 crore with the help of private equity for its fourth coming SEZ project at Gurgaon.
Source of www.propertykhazana.com also reveals that the topic of the land acquisition is been cleared and it is declared around 167 acres of land near a prime location of the city and the construction is expected to get into action by the next month. On a short note with the Project Director of Suncity the approximate amount needed to measure the entire cost may range INR 4000 crore. Confidential source of www.propertykhazana.com also states that the company may dilute its 49 per cent of stake to collect the required funds for the project but the name of the firm was still in close envelop.
Earlier it was stated by the top order of the company to invest around INR 6000 crore for the coming four years of duration at various aspects of realty segments. It was also stated that the company has taken the hold of approximately 4000 crores of land at some of the major town of the country for the target of the 10 forthcoming projects ranging from hotels to that of housings.
Source: NBTVLIVE

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