In an effort to expedite ongoing construction projects in Noida, Saha Groupe, a real estate entity situated in the region, is in the process of securing ₹160 crore from a Non-Banking Financial Company (NBFC), according to sources familiar with the transaction. The company aims to maintain timelines for project completion.
According to an individual with knowledge of the matter, who requested anonymity, a portion of these funds will be allocated towards the launch of a new project in Noida within the coming months.
This marks Kautilya Finance's inaugural investment within a real estate firm. The NBFC is capitalized by the US pension plan, WSIB, namely Washington State Investment Board, via Aevitas Property Partners, which serves as the originator of Kautilya Finance.
WSIB has previously committed to investing $500 million in real estate ventures across India, the Mediterranean area, and Western Europe through Aevitas Property Partners.