Altico Capital has so far deployed around Rs7,000 crore across a hundred or so real estate projects covering more than 100 million sq.ft area in seven cities. Bengaluru: Altico Capital India Pvt. Ltd, a non-banking financial company (NBFC), plans to invest around Rs3,000 crore in real estate projects over the next five months with a focus on construction financing. Altico has so far deployed around Rs7,000 crore across a hundred or so real estate projects covering more than 100 million sq.ft area in seven cities. Going forward, as our cost of capital comes down further, we also intend to explore lease rental discounting,” said Sanjay Grewal, chief executive officer, Altico Capital.

Source: Mint November 07, 2017 10:00 UTC