SWAMIH continues project completion spree; Exits another investment in Gurgaon in less than 15 months
Project Overview
Zen Residences is a residential development with total saleable area of 3.39 Lac.Sq ft and 226 units
Project being developed by Advance India Projects Limited
The Location
Project is located in Sector 70A, Gurgaon with good connectivity by road
Project History
Project was launched in 2015.
However, delayed due to various reasons such as low collections, non-availability of working capital line, manpower shortage etc.
Overall, the project was delayed by about 4 years.
SWAMIH Investment
Project was launched in 2015.
However, delayed due to various reasons such as low collections, non-availability of working capital line, manpower shortage etc.
Overall, the project was delayed by about 4 years.
SWAMIH Impact
One tower was fully completed and one tower was partly completed within ~1.0 years of investment.
Monitoring to ensure no diversion of funds, Inflows used for project completion & landowner sharing
Contractor/vendors dues cleared. Salaries paid to the employees
33 new units sold; ~72.7 Cr collected
212 homebuyers to finally get their homes
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