SWAMIH Investment Fund I has provided funding of ₹90 crore to Nav Grih Developers Private Limited for their stalled project, Project Sikka Krissh Greens located in Meerut, Uttar Pradesh.
Dua Associates advised and assisted SBICAP Ventures Limited as the investment manager of SWAMIH Investment Fund I.
The team for Corporate Due Diligence and Documentation was led by Prateek Bedi (Partner), Nityashjit Kaur (Principal Associate), Varun Mathur (Senior Associate), Diya Kapoor (Associate), Rishika Aggarwal (Associate).
The Title Verification team at the firm was led by Angad Verma (Partner), Siddharth Chaudhary (Principal Associate), Tusi Kumar (Principal Associate), Kapil Saxena (Principal Associate).
The last-mile funding, which includes ₹75 crore for construction and ₹14.5 crore as contingency fund, will lead to time-bound delivery of houses to 450 home buyers. Total cost of the project is ₹145 crore.