News
Tata Capital to invest Rs. 130 cr in Prescon project at Mahim
Tata Capital Housing Finance has committed an investment of Rs 130 crore in the form of construction finance to Prescon Group’s residential project, Midtown Bay, at Mahim in Mumbai.
According to a press release, the Group is expected to generate revenue of about Rs. 900 crore from the entire project which is spread across 1.1 acres and is estimated to complete it in around 4 to 4.5 years. The project, it said, has a total investment of Rs. 450 crore, out of which the remaining amount will be funded by internal accruals.
Tata Capital Housing Finance Limited is a wholly owned subsidiary of Tata Capital Limited and is registered with the National Housing Bank as a housing finance company.
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