Chennai: Green Tree Homes, a Chennai-based real estate company is planning to raise Private Equity Fund of around Rs. 50 Crore for its ongoing projects. The company has 5 ongoing projects which would be developed in total area of 3 million sq ft in and around Chennai. The company has considered various private equity firms through a model in which it would share returns through a common escrow account.The Director of this real estate company said that apart from having talks with the private equity players, the project would be financed through internal accumulations and sales revenue. Out of the 5 projects, 2 of them are designed using prefabricated technology. The real estate firm is thinking to use the same technology for its budget apartment township project. The project is coming up in Chennai of a total projected sales value of Rs. 400 Crore.Green Homes have also launched a new company Town & Tower Systems Pvt Ltd which would be involved in producing and marketing prefab buildings for the realty company itself and also for other real estate companies.The Director further said that they would be initiating a manufacturing facility to provide the realty market with a capacity of 5 million sq ft in Chennai every year. The prefab construction company is seeing a rapid expansion and in next five years the demand is expected to be around 50 million sq ft per annum. The new project by this company would require an investment of Rs. 50 crore. The company would also need to raise funds for this venture later.займ на карту без отказов круглосуточновзять кредит онлайн