Walton Street is set for new housing projects in Hyderabad

Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF-II), has invested Rs 110 crores in two mid income housing projects in Hyderabad and Chennai which are being developed by Krishnaiah Projects Pvt Ltd , part of the Bollineni group and Jain Housing and Construction. 

The fund sanctioned Rs.45 crore for Jain Housing Constructions Ltd project ‘Salzburg’ in Hyderabad. Both projects are in the mid-income housing segment and are expected to be completed by 2025 and 2022. 

In September, WaltonStreet BlackSoil Real Estate Debt Fund II stated “it has made Rs.360 crore and will offer debt financing to largely mid-income, residential projects in the top six cities.” 

Both the transactions are in line with WSBREDF-II’s plan to pursue residential structured debt investments in projects with developers that focus on execution and delivery. 

“The mid-income housing segment has shown great promise. In the last one year, the segment has gained prominence and has led the share of new launches. We are delighted to provide financing to these two key housing projects and shall continue to invest WSBREDF-II commitments with developers of similar pedigree,” said Vimal Jangla, Managing Partner at Walton Street India. 

“The focus of our second fund is to provide financing to developers with proven track records of execution across the mid-income housing sector in our key markets driven by end-user demand, to invest in key in-fill projects with full control over cash flow and visibility on financial closure and completion," Jangla added.