Last month, the company raised $100 million via a QIP and promoter capital infusion.
The three-year facility has been raised through Accord Builders, an Omkar group firm.
It is also in talks with PE firms to raise another $31m for existing projects
Most of this money will be used to build a 600,000 sq. ft premium office tower at a two-acre plot at Worli in Mumbai.
Nirmal Lifestyle has been in talks with several large developers to monetize its land holdings and reduce debt.
In 2015, Blackstone had acquired the entire 1.1-million sqft building from its previous owners HCC Real Estate Ltd and IL&FS Milestone Realty Advisors Pvt. Ltd for over Rs1,000 crore.
Between April and July, Godrej Properties finalized land parcels—three in the National Capital Region (NCR) and one in Bengaluru.
This is the second land parcel that BPTP has sold as part of its larger land monetisation strategy.
12 PE deals worth around $91.69 million have closed so far this year as against a total of $40.85 million in 17 deals the whole of last year.
Globally, the Mirae group’s assets under management (AUM) stand at $100.5 billion.