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SWAMIH delivers project in New Gurgaon; More than 650 Homebuyers get their awaited homes

Project Overview

SS Leaf is a residential development with total saleable area of 11.7L Sq ft and 670 units

Project being developed by SS Group Pvt Ltd.

The Location

Project is located at Sector-85, New Gurgaon, Haryana with excellent connectivity by Dwarka Expressway.

Project History

Project was launched in 2012.

However, delayed due to various reasons such as cashflow mismatch and subsequently due to NBFC crisis.

Overall, the project was delayed by about 5 years.

SWAMIH Investment

  • SWAMIH Fund invested in the project in Sep 2020 with a target to complete the project
  • Of the committed investment of Rs 166.3 Cr, SWAMIH Fund has invested Rs 85.0 Cr so far. Project received full OC in Jun 2022
  • As on Sep 2022, SS Group Pvt Ltd has re-paid Rs 100.4 Cr along with 12% XIRR.

SWAMIH Impact

  • Project completed within ~2 years of investment despite losing 3-4 months in covid lockdowns.
  • Monitoring to ensure no diversion of funds – all inflows are used for project completion
  • Contractor/vendors dues cleared. Salaries paid to the employees
  • 62 new units sold; ~164 Cr collected
  • 670 homebuyers finally get their dream homes