Poddar Developers is planning to raise Rs 600 crore from private equity players for land acquisitions and project specific developments. The company is expected to close the fund-raising in six months. Earlier in January, the company had raised Rs 125 crore through qualified institutions placement (QIP) route. The company is looking to deliver about 1,500-2,000 flats this year and hope to increase this delivery rate by about 40-60 per cent in the next year.
Poddar Developers is an India-based real estate company. The Company’s projects include residential and commercial developments. The Company’s residential developments include Samruddhi Complex, Bhivpuri and Poddar Evergreens, Badlapur.
