Brick Eagle Capital invests in affordable housing with Xrbia
Brick Eagle Capital Group is the latest to enter the low cost housing sector. It plans to invest Rs. 200 Crore in five projects of Xrbia Developers Limited. Xrbia is an affordable housing venture promoted by the Eiffel group.
The proposed five projects will come up in the area of Karjat, near Mumbai, on 150 acres acquired by Brick Eagle and will be developed by Brick Eagle in partnership with Xrbia.
Brick Eagle invests in lands and has a scalable model for promoting affordable housing, leveraging the knowledge and expertise of local partners. Xrbia Developers already had announced the launch of its first affordable housing project in a suburb near Pune.
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Source: dealcurry.com
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