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Realty firm Vipul raises Rs 150 crore from DMI Finance

  • 13 Dec 2015
  • Post Views: 17

Realty firm Vipul Ltd has raised Rs 150 crore from DMI Finance Ltd to develop a luxury housing project in Gurgaon.

The company plans to develop 382 units in the project, which is spread over 20 acres on the Golf Course Road in Gurgaon.

“We have raised Rs 150 crore from DMI Finance so far for this project. The NBFC (non-banking financial company) has sanctioned a total of Rs 450 crore,” Vipul Ltd CEO Guninder Singh said.

Source: The Economics Times

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