In a major move for the Indian real estate scene, Namo Realtech has just secured a massive ₹350 crore in funding from BGO and Aditya Birla Sun Life AMC. This cash injection is set to fast-track Namo Realtech’s expansion plans, especially with a number of new projects already in the works.
“We are incredibly excited about what this means for our future,” said Mohit Jain, Managing Director at Namo Realtech. “This funding allows us to really hit the ground running on our upcoming projects and explore new collaborations.”
This deal is a significant milestone for the BGO and Aditya Birla Sun Life AMC partnership, which has now committed a total of $100 million across ten different deals, managing a whopping 7.8 million square feet of real estate. The platform has ambitious goals, aiming to deploy $1 billion in capital by 2028.
One of the most anticipated projects on the horizon is a new residential development in Gurugram, which Namo Realtech is planning in collaboration with Max Estates.
The deal was advised by a team of top-tier firms including AZB & Partners, Quantum, and Trilegal. The BGO and Aditya Birla Sun Life AMC collaboration, which started in June 2022, is focused on providing smart financing solutions for real estate projects. They have already backed nine projects across five cities, and this latest deal with Namo Realtech shows their continued confidence in the Indian real estate market.
Source :- NBMCW
