Edelweiss Group has invested Rs 355 crore in two under-construction residential projects in Mumbai.
This has been through its non-banking finance company ECL Finance and two funds–Edelweiss India Real Estate Fund and EREF Onshore Fund– managed by the group.
ECL Finance invested Rs 205 crore in the developer’s project Hubtown Seasons in Chembur suburb of Mumbai and pumped in Rs 150 crore in Hubtown Harmony, a premium development at Matunga in central Mumbai.