Bengaluru, Nov 12, 2014 –
Jain Heights And Structures Pvt. Ltd, a Bengaluru based real estate developer focused on residential real estate development has raised USD 6mn from Amplus Capital Advisors Pvt. Ltd. an Ahmedabad based real estate fund for its upcoming residential project in North Bangalore.
Founded in 2007, Jain Heights has a customer centric business philosophy and has carved a reputation of offering great value in terms of design, specifications, location and pricing. The company has always endeavored to create world-class living spaces and provide high quality of living standards for its customers which is evidenced by its five completed projects. It has five upcoming projects comprising ~1.5mn sft under various stages of development. The company, in its earlier projects has raised funds from Reliance Capital &Milestone.
Sprout Capital Advisors LLP advised Jain Heights & Structures Pvt. Ltd.
Anuranjan Mohnot, CEO, Amplus Realty Fund, Amplus Capital Advisors Pvt. Ltd. said, “ The Amplus Realty Fund is delighted to partner with Jain Heights, which is well recognized in the Bangalore real estate market for its high standards of corporate governance and excellent track record of value creation for all stakeholders. Under the leadership of Kishore Kumar we are backing a deep professional team with a high level of energy, focus and strong consumer centricity. The Fund believes that the end consumer driven, Bangalore residential real estate marketshould see high growth on the back of increasing urbanization, changing demographics and an up-turn in the economy. ”
Speaking on the occasion, Kishore Kumar, Managing Director,Jain Heights And Structures Pvt. Ltd said, “ The investment by Amplus Realty Fund is a testimony to our focus on good governance, transparency and commitment to our customers as well our ability to execute projects and deliver them in a timely manner. We believe Yeshwantpur is the next growth corridor in Bangalore and this investment will enable us in increasing our footprint in the Bangalore realty market ”
