New Delhi: Aditya Birla Group’s real estate fund has invested Rs 125 crore in the residential project which is being developed in Gurgaon on Dwarka Expressway. The project is being developed by two major real estate firms in the city, Tata Housing and Sidhartha Group, in partnership. Aditya Birla Group’s investment will get the returns from its investment in project over the next four years.Tata Housing and Sidhartha Group are developing the project on 20.8 acres of premium land parcel in the Gurgaon region in 50:49 joint venture in the development of the project. The project has a very prominent location with close proximity to the Delhi city and the international airport.The project is proposed to earn revenue of about Rs 1200 crore by its completion of the development, Aditya Birla Group will secure about Rs 500 crore revenue through its investment in the project. The first phase of the project is receiving good response from the end users and about 20 per cent projects is already sold by the Tata Housing.Aditya Birla Group’ real estate fund had also invested Rs 75 crore in Mumbai’s andheri based residential project from Raheja Group. Aditya Birla Real Estate Fund hopes to get good returns from the Tata Housing project although the real estate market in the country is experiencing sluggish absorption and about 670 million sq ft of residential space is lying vacant in the market.Sidhartha Group’s stake in the project will be converted to funds, if the project fails to return the proposed revenue to the Aditya Birla Real Estate Fund.займ на карту без отказов круглосуточновзять кредит онлайн