Dua Associates Advises SBI Ventures Limited's SWAMIH Investment Fund-I In Its Funding Of Rudra Buildwell Homes Private Limited
LIVELAW NEWS NETWORK
6 Feb 2025 11:17 AM IST
Dua Associates advised and assisted SBI Ventures Limited's SWAMIH Investment Fund-I in its Rs 380 crores funding of Rudra Buildwell Homes Private Limited for the Greater-Noida based residential project – Aqua Casa. This transaction once again underscores the role of SWAMIH Investment Fund-I as a significant player in the last-mile funding of the stressed & stalled real estate projects.
The Dua Associates' team for Corporate Due Diligence and Documentation was led by Prateek Bedi (Partner) and assisted by Rahul Goyal (Principal Associate), Rishabh Halwai (Senior Associate), and Vaibhav Tripathi (Associate).
The Title Verification team at the firm was led by Angad Verma (Partner) and supported by Siddharth Chaudhary (Principal Associate), Tusi Kumar (Principal Associate), Kapil Saxena (Principal Associate) and Toyesh Tewari (Principal Associate).
The transaction was completed in late January 2025 and will contribute to building on SWAMIH Investment Fund-I goal of delivering 20,000 homes every year.
The Aqua Casa project along with the other several housing projects that the Firm's teams have assisted SWAMIH Investment Fund-I with over the last few years, have not only helped deliver homes but also contributed to the growth of ancillary industries in the real estate and infrastructure sectors by unlocking liquidity of over Rs. 35,000 crores.
Dua Associates is a leading law firm in India with an over thirty eight year old track record of delivering critical legal solutions for its clients including Fortune 500 companies, financial institutions, governments and SMEs. The Firm is widely recognized for the depth of experienced legal talent and the significant experience of its 250 professionals including 75 partners.
SWAMIH Investment Fund I is India's largest social impact fund aiming to provide priority debt financing for the completion of stressed, brownfield and RERA registered residential projects that fall in the affordable, mid-income housing category.