Skylark Mansions raises Rs. 105 Crores from Xander Finance
Real estate developer Skylark Mansions Pvt. Ltd has raised Rs. 105 crore in structured debt from non-banking financial company (NBFC) Xander Finance Pvt. Ltd, primarily to give an exit to existing investor Motilal Oswal Real Estate in a housing project. The Bengaluru-based firm will also spend some
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Realty Plus Published - Wednesday, 08 Nov, 2017
Real estate developer Skylark Mansions Pvt. Ltd has raised Rs. 105 crore in structured debt from non-banking financial company (NBFC) Xander Finance Pvt. Ltd, primarily to give an exit to existing investor Motilal Oswal Real Estate in a housing project. The Bengaluru-based firm will also spend some of the money on the project Skylark Dasos on Hennur Road.
Colliers International India’s Capital Markets & Investment Services (CMIS) team in Bengaluru has facilitated a successful completion of transaction between Skylark Mansions and Xander Finance. Colliers International was appointed as the sole advisor by Skylark for this transaction.
Priyatham Kumar, Founder, Homes247 says that the Bangalore Peripheral Ring Road is a remarkable step towards economic development and sustainable growth.