Saya Group raises Rs 200 crore from Edelweiss
Delhi/NCR: Saya Group has raised funds of Rs. 200 Crore from one of the leading financial services group named Edelweiss to finance its group housing project ‘Saya Homes’. The group is developing multiple housing projects in the NCR region with its prime focus on Indirapuram and Noida/Greater Noida West. Mr. Manoj Jain, Director-Finance of the realty firm said that, “we have received an investment of Rs 200 crore from Edelweiss for our projects. We were in talks with Edelweiss for some time now and the fund has finally been raised which will ensure quality products from Saya Group”.
“Our organization is developing over 24 Lac sq. ft. in Indirapuram and approx 11 Lac sq. ft. in Greater Noida West. We have already delivered approximately 10 Lac sq ft in Indirapuram in our two projects. With this new development; we are looking forward for a brighter future,” says, Mr. Vikas Bhasin, MD, Saya Group.
The realty firm also disclosed that they will not raise funds anymore as the financial closures are over for current projects. The group is now focusing on execution of current projects in order to ensure timely delivery of their under construction projects.
The realty firm believes that with such funding, people will instill faith in projects being developed in this part of region which otherwise has been undergoing a lot of turmoil. This will also help to identify the performers who have a vision and who will deliver.
About Saya Homes
Saya, a renowned name in the field of realty, is more than just a name. For some Saya connotes aspiration, while as for some Saya signifies growth. For an individual, Saya represents a momentous event, while as for a family; Saya means a fulfillment of a cherished life-long dream. The characteristic which make Saya stand out in the crowded realty market is its Commitment for Quality and On-time possession. Saya believes that, use of Quality products in constriction and On-time delivery is not a luxury to be cherished, rather it is the basic requisite of the consumers and a responsible developer needs to ensure that these ethoses are followed to the core.
Edelweiss is one of India’s leading diversified financial services Group. Edelweiss offers a large range of products and services spanning across asset classes and consumer segments. Its businesses are broadly divided into Credit including Retail Finance and Debt Capital Markets, Commodities, Financial Markets, Asset Management and Life Insurance.