Puranik Builders has raised Rs 300 crore from KKR a global private equity (PE) player for funding two residential projects in Pune.

The company has said in a statement that “Puranik has signed a definitive agreement with KKR under which the developer will receive Rs 300 crore for the financing of two residential projects in Pune – Abitante and Aldea Espanola.”

Shailesh Puranik, Managing Director of the company has said that “We consider this Rs 300 crore of funding as growth capital which will take the group to the next level and enable Puranik to achieve exponential growth.”

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