Altico Capital to invest in housing projects
Non-banking finance company Altico Capital is planning to invest Rs 5,000 crore in residential real estate projects by March 2017 across India’s top property markets including Mumbai, National Capital Region, Bengaluru and Pune. “Opportunity landscape for real estate financing is huge. While banks play an important role in real estate financing, NBFCs and funds have become a dependable source of capital as they can offer flexible structures, which are best suited for the sector,” Sanjay Grewal , CEO, Altico Capital said.
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