Saya Group raises Rs 200 crore from Edelweiss

Delhi, Aug 07, 2015 : Saya Group has raised funds of Rs. 200 Crore from one of the leading financial services group named Edelweiss to finance its group housing project ‘Saya Homes’. The group is developing multiple housing projects in the NCR region with its prime focus on Indirapuram and Noida/Greater Noida West. Mr. Manoj Jain, Director-Finance of the realty firm said that, “we have received an investment of Rs 200 crore from Edelweiss for our projects. We were in talks with Edelweiss for some time now and the fund has finally been raised which will ensure quality products from Saya Group”.

“Our organization is developing over 24 Lac sq ft in Indirapuram and approx 11 Lac sq ft in Greater Noida West. We have already delivered approximately 10 Lac sq ft in Indirapuram in our two projects. With this new development; we are looking forward for a brighter future,” says, Mr Vikas Bhasin, MD of Saya Group.

The realty firm also disclosed that they will not raise funds anymore as the financial closures are over for current projects. The group is now focusing on execution of current projects in order to ensure timely delivery of their under construction projects.

The realty firm believes that with such funding, people will instill faith in projects being developed in this part of region which otherwise has been undergoing a lot of turmoil. This will also help to identify the performers who have a vision and who will deliver. CCI Newswire