Blog

Namo Realtech is celebrating a significant financial milestone, having secured ₹350 crore in debt funding. This strategic investment comes from a collaboration between BGO and Aditya Birla Sun Life AMC, and it’s earmarked to fuel Namo Realtech’s ambitious expansion plans within the real estate sector.

The fresh capital will be instrumental in accelerating the launch of several new projects that are already in advanced stages of planning. Mohit Jain, the Managing Director of Namo Realtech, expressed his enthusiasm, stating, “This funding is a game-changer for us. It empowers us to bring our pipeline projects to life more quickly and forge new strategic partnerships.”

This investment marks another successful deal for the BGO and Aditya Birla Sun Life AMC platform. Since its inception in June 2022, the platform has been actively providing structured credit solutions for promising real estate ventures. To date, it has committed $100 million across ten deals, which span a collective 7.8 million square feet. The platform is on a clear growth trajectory, with a target of deploying $1 billion in capital by the year 2028.

Among the exciting developments on the horizon for Namo Realtech is a planned residential project in the thriving city of Gurugram, which will be a joint venture with Max Estates.

The successful transaction was expertly handled by a team of advisors from AZB & Partners, Quantum, and Trilegal, ensuring a smooth process for all parties involved.

Source : – NBM&CW