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SARE Homes has raised Rs 435 crore from Altico Capital and KKR for repaying existing debt and to meet the construction cost of its township project in Gurgaon.
In India, SARE Homes is having operations since 2006 and has been promoted by London based Duet group, which a global asset and real estate management firm.
Vineet Relia, SARE Homes MD has said that “We have raised Rs 315 crore from Altico Capital and Rs 120 crore additional funds from KKR. Out of Rs 315 crore raised from Altico Capital, we will repay about Rs 280 crore debt of GIC and Bank of India. The remaining amount will be used for construction.”
