WSBREDF-II invests Rs 75 crore in Shapoorji Pallonji’s joint venture

0
370

Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF – II) has blazoned an investment of Rs 75 crore in Vakratunda Buildcon (VBPL), a JV between Shapoorji Pallonji Group and Vakratunda Group. The finances will be exercised for systems located at Bandra East, Mumbai.

The design, BKC 28, squaring of 150 apartments, has accomplished brisk deals with steady receivables. It’s close to Bandra Kurla Complex (BKC) and erstwhile government services.
Vinit Prabhugaonkar on behalf of WSBREDF II said, “ This growth caters to the casing demand from directors working at BKC and offers a value proposal at a veritably seductive pricing.”

Vakratunda Buildcon (VBPL) is a common adventure between Shapoorji Pallonji and Vakratunda Group. Established in 1973, Vakratunda Group has been engaged in domestic and marketable real estate developments in Mumbai, Thane, Badlapur and MMR region in cooperation with inventors like Godrej Parcels.

Nirav Dalal, business head at Shapoorji Pallonji Real Estate, said, “ Our cooperation with Walton Street BlackSoil (WSB) will improve us subsidize on this growing trend and make our vision to offer ultraexpensive casing results to aspirational Indians a reality.”

constituted in June 2021, WSBREDF-II has a target corpus of Rs 500 crore and an fresh green shoe option of over to Rs 250 crore. It has entered investor commitments worth 90 of its target corpus and has invested roughly 45 of the Fund across five investments to date. It intends to attain a multifold additional investments in League 1 metropolises like Hyderabad, Bangalore, Chennai, Pune, Mumbai & NCR.