Omaxe Lines up $ 20 bln to Build Low Cost Homes

Realty firm Omaxe has lined up a $ 20 billion investment to develop 10 lakh affordable homes for low-income consumers. The company is planning to offer these housing units in a price range of Rs 3-15 lakh per flat.

Nitesh Estates plans to raise Rs 600 cr-
Bangalore-based Nitesh Estates is looking to raise close to Rs 600 crore for its upcoming projects as it seeks to expand its presence. The company will mop up these funds through the Special Purpose Vehicle (SPV) route. This will be the third time that this firm is tapping the private equity pool.