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Housing project gets ₹136 cr. investment

Gated Community near Sainikpuri
Special Correspondent HYDERABAD

The SWAMIH Investment Fund 1 has invested ₹ 136 crore in a gated-community project being developed by Janapriya Projects Pvt Ltd on over 8.212 acres near Sainikpuri in the city.

A category II alternative investment fund, the Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I) is a government-backed last mile financing platform for affordable housing. The ₹12,500-crore Fund, with an option of an additional ₹12,500 crore, aims to provide capital for completion of stalled housing projects in the country.

Janapriya in a release on Wednesday said the impact of COVID-19 had necessitated the need for funds. The funds from SWAMIH will give the required impetus for completion of the project. The total investment required is ₹149.62 crore, the company said.

Janapriya chairman K. Ravinder Reddy said project is expected to be completed in 36 months.

Source: thehindu.com

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Janapriya project gets Rs 136 crore

The Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), a government-backed last mile financing platform for affordable housing, has made an investment in a large gated-community project in Janapriya– Sitara-Lakefront, spread over 8.21 acres near Sainikpuri in Hyderabad.

The project is being developed by Janapriya and comprises a saleable area of 1.256 million sq ft. The fully approved project is in one of the fastest growing areas of Hyderabad surrounded by fully developed infrastructure.

The impact of the Covid-19 has necessitated the need for funds and SWAMIH Investment Fund 1 having provided the funds, will give the required impetus for the completion of this project. The total investment required is Rs 149.62 crore and the government fund has invested Rs 136 crore in this project.

According to Janapriya Engineers Syndicate’s chairman K Ravinder Reddy, the construction of the entire project is expected to be completed in 36 months. On completion, the entire project will house 2,245 affordable homes (all 10 blocks total units).

The investment banker for this transaction was THI Arbitrage Partners-Mumbai led by Nakshatra Roy and his team.

The project has six towers with a mix of two and three-bedroom affordable apartments.

Source: telanganatoday.com

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జనప్రియలోకి స్వామిహ్‌ పెట్టుబడి

హైదరాబాద్‌, అక్టోబర్‌ 20: నిధుల కొరతతో మధ్యలో నిలిచిపోయిన రియల్‌ ఎస్టేట్‌ ప్రాజెక్టులకోసం కేంద్ర ప్రభుత్వం ప్రకటించిన స్వామిహ్‌ ఇన్వెస్ట్‌మెంట్‌ ఫండ్‌-I రియల్‌ ఎస్టేట్‌ సంస్థలకు ఆర్థికంగా దన్నుగా నిలుస్తున్నది. హైదరాబాద్‌కు చెందిన జనప్రియ నిర్మిస్తున్న సితారా లేక్‌ఫ్రంట్‌ ప్రాజెక్టులోకి రూ.136 కోట్ల మేర పెట్టుబడులు పెట్టింది. ఈ ప్రాజెక్టు వ్యయం రూ.149 కోట్లు. 8.212 ఎకరాల విస్తీర్ణంలో ఏర్పాటు చేస్తున్న ఈ సితారా లేక్‌ఫ్రంట్‌ ప్రాజెక్టులో 1502 అపార్ట్‌మెంట్లు నిర్మిస్తున్నారు.ఈ సందర్భంగా జనప్రియ చైర్మన్‌ కే రవీందర్‌ రెడ్డి మాట్లాడుతూ.. ఈ ప్రాజెక్టు నిర్మాణం వచ్చే మూడేండ్లలో పూర్తికానున్నట్లు, వీటిలో 2,245 గృహాలు తక్కువ ధర కలిగినవని చెప్పారు.

 

Source: ntnews.com

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