Aditya Birla Finance, a subsidiary of Aditya Birla Capital Capital, has extended debt worth Rs 40 crore to Agami Realty’s premium residential project involving redevelopment of a housing society in Kala Nagar near Mumbai’s business district Bandra-Kurla Complex (BKC).
The project to be developed on the land parcel spread over a quarter of an acre is estimated to have a development potential of about 1 lakh sq ft and a freesale component of about 45,000 sq ft.
The project is expected to translate into a revenue potential of over Rs 225 crore based on the prevailing pricing trends in the micro-market.
