Luthra And Luthra Advises SWAMIH Fund On INR 195.50 Crore Investment For Completion Of KVD Wind Park In Greater Noida
Luthra and Luthra Law Offices India acted for and advised the Special Window for Affordable & Mid-Income Housing (SWAMIH) Fund in connection with investment innon-convertible debentures to provide last mile finance to K V Developers Private for completion of construction ofa group housing project in Uttar Pradesh.
SWAMIH Fund has approved INR 195.50 Crore for completion of group housing project titled “KVD Wind Park” (comprising of 7 (seven) residential towers and 2 (two) commercial tower having total saleable area of 10.50 lacs sq. ft.) at Sector- Techzone-IV, Greater Noida, District Gautam Budh Nagar, in the State of Uttar Pradesh. With this investment, SWAMIH has stepped in to provide finance to help these projects in their last mile of development.
The transaction team was led by Partner Girish Rawat and was assisted by Managing Associate, Ashneet Chhabra and Associate, Ranjini Ghosh. Associates- Pranav Dwivedi and Devyani Kukreti assisted with respect to conducting title due diligence and corporate due diligence on the Issuer Company and the Promoter Company.