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SWAMIH delivers 1st project in Bengaluru; Over 110+ units completed

Project Overview

The Marquise is a residential development with total saleable area of 1.4 Lac.Sq ft and 111 units

Project being developed by Barmecha Realty Pvt Ltd

The Location

Project is located on Bannerghatta Main Road, Bangalore with excellent connectivity by road, and upcoming metro

History

Project was launched in 2018.

However, delayed due to various reasons such as covid-19 & low collection.

SWAMIH Investment

  • SWAMIH Fund invested in the project in Apr 2021 with a target to complete the project
  • Of the committed investment of Rs 22.4 Cr, SWAMIH Fund has invested Rs 14.5 Cr so far.
  • As on April 2023, Barmecha Realty Pvt Ltd has re-paid Rs 14.5 Cr along with 12% XIRR

SWAMIH Impact

  • Project completed within ~1.3 years of investment.
  • Monitoring to ensure no diversion of funds – all inflows are used for project completion
  • Contractor/vendors dues cleared. Salaries paid to the employees
  • 20 new units sold; ~20.8 Cr collected
  • 41 homebuyers to finally get their homes