SWAMIH Investment Fund I (SWAMIH) has made an investment in the residential project ‘Rising City’ being developed by the Hubtown Group in Ghatkopar, Mumbai.
SWAMIH has made a last mile funding of approximately ₹300 crore in the project by way of subscription to non-convertible debentures of Rare Townships Private Limited, a Hubtown Group entity.
Argus Partners advised SWAMIH on this investment deal.
The transaction team consisted of Aastha (Partner), Nidhi Arya (Partner), Aditi Kashyap (Senior Associate), Apoorva Soni (Associate), Arth Singhal (Associate), Astha Singhania (Associate), Ayush Chaturvedi (Associate) and Nalin Malhotra (Associate).
The "Rising City" project is strategically located and offers a mix of residential and commercial spaces. The investment is expected to expedite the project's completion and provide a welcome relief to homebuyers who have invested in the project.
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