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Sushma Group raises Rs 50 crores from SBI

Punjab based real estate developer, Sushma Group has recently raised a fund of Rs 50 Crores from the State Bank of India for its holiday homes project in progress. The investment raised from SBI will be used in developing the most efficient holiday homes in hill town Dharampura to offer the most hearty living experience to the buyers or investors. 

“We have received a tremendous response on our holiday homes project, Sushma Elementa, mainly due to its prominent location near Kasauli. We’re planning to develop more similar projects in Himachal Pradesh, owing to the positive response received from investors in the region. SBI’s recent investment of Rs 50 Cr for our project, Elementa, has been a motivation to develop the best in class projects,” said Prateek Mittal, Executive Director of Sushma Group.