We are pleased to share that Argus Partners has advised SWAMIH Investment Fund I (“SWAMIH”) on its investment in the residential project ‘Rising City’ being developed by the Hubtown Group in Ghatkopar, Mumbai. SWAMIH has made a last mile funding of approximately INR 300 crore in the project by way of subscription to non-convertible debentures of Rare Townships Private Limited, a Hubtown Group entity.
The project is strategically located and offers a mix of residential and commercial spaces. The investment is expected to expedite the project's completion and provide a welcome relief to homebuyers who have invested in the project.
The team at Argus Partners advising SWAMIH I comprised Aastha and Nidhi Arya (Partners), Aditi Kashyap (Senior Associate), Apoorva Soni, Arth Singhal, Astha Singhania, Ayush Chaturvedi and Nalin Malhotra (Associates).