Xander Finance invests in residential projects

Xander Finance, the non-banking financial arm of alternative investment firm The Xander Group, has invested nearly Rs. 300 crore in two residential projects in Chennai and the National Capital Region, said a company official. The NBFC has invested over . 120 crore in a plotted develop` ment project of realty developer VGN Property Developers in Ambattur locality of western Chennai, while it invested over ` . 160 crore in Ansal API's low-rise residential project in sector 67, Gurgaon. “Both the projects that we have invested in do not have much of construction risk associated with them as one of them is a lowrise and the other one is a plotted development. “In January, we launched the 10acre first phase of total plotted development spread over 20 acres . We will be launching our second phase by March or April. This is part of a large township VGN Cosmopolis,“ said V Pratish De vadoss, MD, VGN Property Developers. Xander Finance has been an active investor in real estate and education for the last few years and has been deploying about . 1,000-1,500 crore in these sectors ` on an annual basis. The Xander Group is a global investment firm focused on real estate, infrastructure, hospitality, retail and credit in emerging markets. Since 2005, the firm has committed over $2.3 billion of capital to the Indian market across private, public, credit and venture investments.