India: Essel Group PE arm invests in affordable housing projects in Mumbai

Essel Finance is in the process of investing another Rs.35 crore in a third project of the developer. The investment has been done from ASSET-1, Essel’s maiden real estate fund. Photo: Mint

Essel Finance Advisors and Managers Llp, the private equity (PE) arm of Subhash Chandra’s Essel Group, plans to invest in affordable and mid-income housing projects at a time premium residential projects are struggling to sell, a top executive said.

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