Altico Capital has invested INR 430 crore in Noida project being developed by Supertech group, promoted by Mr RK Arora and one of the largest developers in the NCR region.
Altico’s funding is for a part of the Capetown’s luxury phase, totaling around 2.3 mm sqft spread over 7 residential towers including ORB and CapeLuxe, as well as completed retail inventory.
With this funding, such portion of the project shall attain significant financial closure. This will help the group further expedite construction of the project.
R.K. Arora, Chairman, Supertech Ltd, said, “This investment will enable us to deliver our projects in Sector 74 of NOIDA, with an aim to deliver ORB within 18-24 months.”