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Emaar India, has raised around Rs.500 crore debt this fiscal year and is planning to raise another Rs.500 crore by March 2018 for meeting its ongoing and upcoming project’s construction cost.
As per Emaar India CEO, Sanjay Malhotra, “We have raised about Rs.500 crore since April this year from different banks and we have plans to borrow another Rs.500 crore.”
Further he stated,”Our complete focus in on delivery. The company has got occupancy certificates for 2,600 units in last 15 months and has applied for another 3,000 units.”
