Supertech on Tuesday said it has raised Rs400 crore from the private equity firm Xander to finance its upcoming township and housing projects in Gurgaon.
The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs1,100 crore."Supertech has received an investment of Rs400 crore ($ 66 million) from the Singapore-based real estate investment arm of The Xander Group Inc," the company said in a statement.The investment has been made in township and group housing projects in Gurgaon, it added.