City-based Rodium Realty has raised Rs 36 crore in the form of structured debt from Capri Global Capital to support its project construction.
"The Rs 36 crore of funds will be used to accelerate construction and to speed up the delivery timeline for Rodium's premium residential project 'X'point' in suburban Mumbai, which consists of 2 and 3 BHK residences," a statement issued here stated.
"Partnering with right financial partner is key for any real estate project for timely completion. These funds from Capri will help us in timely achieving of planned cash flows, maintaining the construction pace and completing the project," Rodium Realty Chairman and Managing Director Deepak Chheda said.
Capri Global, a non-deposit accepting NBFC-ND-SI, has been offering various customised solutions to real estate developers and SME businesses.
"This investment is in line with our focus on funding to mid-affordable housing segment. The idea is to extend financial support customised to the needs of today's mid-sized developers focused in affordable to mid segment, in order to help them pace up sales and deliver projects in a timely manner while maintaining the highest quality," Capri Global Capital Director Rajesh Sharma said.
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