Greater Noida-West proj receives approval of funding of Rs 249 cr from SBICAP Ventures
New Delhi: The Panchsheel Greens II housing project in Greater Noida-West has now received approval of funding of Rs 249 crore from SBICAP Ventures. This is the second housing project in Greater Noida that has got funding from the Rs 25,000 crore stress fund.
The project has got the first installment out of the Rs 249 crore funding approval. The Greater Noida Authority has also received Rs 37 crore as its dues from the project. The developer of the project owes Rs 135 crore to the GNIDA, the authority said in a statement.