KKR, the Global investment firm is going to invest up to Rs 150 crore in two luxury housing projects being developed by Sunteck Realty Ltd in Mumbai.

Sunteck Realty, which is a Mumbai- based developer said that a definitive agreement has been signed by it with KKR, according to which KKR’s investment vehicles would provide up to Rs 150 crore (USD 22.4 million) of funding to Sunteck’s housing projects ‘Signia Isles and Signia Pearl’ in Mumbai.

Kamal Khetan, Sunteck Realty CMD said that “We are excited to enter into a relationship with such a major and experienced global investor like KKR and attract this strategic investment.”

“We see appealing acquisition and growth opportunities in today’s market and believe Sunteck can leverage its brand and execution strength and that of its partners to explore large acquisition opportunities in the near future,” he said.

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