Excel Infra Construction is set to invest INR 252 crore in the Bellissima luxury residential project at Bandra Reclamation, Mumbai. The 33-storey tower will feature 96 apartments, with expected revenue of INR 400 crore. The funding will be a mix of equity and an Alternative Investment Fund structured as non-convertible debentures. Leveraging advanced construction technology, the company aims to complete the project ahead of schedule.
Excel Infra Construction has announced an investment of INR 252 crore for a new luxury residential project at Bandra Reclamation in Mumbai. The company stated that the funding for the project will come through a combination of equity and an Alternative Investment Fund (AIF) structured as non-convertible debentures, providing a well-planned financial structure for development.
The residential project, named Bellissima, will feature a 33-storey tower with a total of 96 apartments. The company expects the project to generate revenue of approximately INR 400 crore once completed and sold.
Virendra Vora, Promoter and Managing Partner of Excel Infra Construction, mentioned that with the structured investment plan and the use of advanced construction technology, the company is confident of completing the project well ahead of the scheduled delivery timeline. He emphasized the company's focus on quality construction and timely delivery, which has been a hallmark of Excel Infra's previous projects.
Excel Infra has previously developed over 20 residential projects across Mumbai, establishing a strong presence in the city's real estate market. Their portfolio includes both luxury and mid-segment residential developments, highlighting their experience in managing large-scale projects efficiently.
The Bandra Reclamation area has been a focus for high-end residential developments due to its prime location and connectivity. The launch of Bellissima adds to the trend of premium residential projects in this area, catering to buyers seeking modern amenities and luxury living spaces in Mumbai.
Source PTI
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