Shapoorji Pallonji Real Estate is developing this project BKC 9 on a 0.41-acre plot near Western Express Highway along with its joint venture partner Vakratunda Buildcon Private Ltd. (VBPL). The developer expects the project to generate revenue worth over Rs 250 crore.
Prior to this, WSBREDF II had invested Rs 75 crore in Shapoorji Pallonji and Vakratunda Group’s another joint venture premium residential project BKC 28 in Bandra east.
The BKC 9, a 20-storey development comprises 92 apartments with 2-bedroom and 3-bedroom typologies with prices starting at Rs 2.11 crore, targeting professionals looking for modern living and convenience.
Alternative investment platform WSB Real Estate Partners has raised over Rs 850 crore through residential property debt fund WSBREDF II surpassing its initial target commitment of Rs 500 crore. The total commitment includes the fund and an option to its investors to co-invest in specific transactions.
The fund focuses on investing, through structured debt, in residential real estate projects serving the mid-income and affordable housing segment across select tier I cities and look to partner with developers with robust execution and delivery track record.
(You can now subscribe to our Economic Times WhatsApp channel)
