KKR, a US private equity firm, has invested more than Rs 315 crore in a Mumbai based premium residential project named as Runwal Bliss being developed by Runwal Group.
With a total saleable area of 6 million sq. ft., the Runwal Bliss project is located at the suburb in Kanjurmarg and sprawled over 36 acres of area which was acquired by the developer in 2015 for over Rs 1,200 crore. It is planned to be completed in next eight years.
The construction is already started by Shapoorji Pallonji which is a construction of Runwal Group on this project. Situated at Mumbai’s one of central suburbs, the Runwal Bliss incorporates premium apartments with a range of two, three and four-bedroom apartments starting at Rs 1.2 crore.
The funding was completed through KKR India Financial Services and KKR India Asset Finance for the tenure of seven years.
Source: ET Realty