Tata Capital invests ₹130 cr. in Prescon unit
The Hindu
Prescon Group said Tata Capital Housing Finance Ltd. has invested ₹130 crore in the form of construction finance in its residential development Midtown Bay located in Mahim, Mumbai. The group is expec
Prescon Group said Tata Capital Housing Finance Ltd. has invested ₹130 crore in the form of construction finance in its residential development Midtown Bay located in Mahim, Mumbai.
The group is expected to generate revenue of ₹900 crore from the project, which is spread across 1.1 acres and slated to be completed in four to four-and-a-half years. The project will have total investment of ₹450 crore and the remaining amount will be funded by internal accruals, the real estate company said in a statement.
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