ATS Infrastructure repays ₹190 crore SWAMIH investment fund ahead of time
ATS Infrastructure
has repaid a total of ₹190 crore to Special Window for Affordable and Mid-Income Housing (SWAMIH) Investment Fund I, comprising ₹133 crore in principal and ₹57 crore in interest, for its residential project
ATS Marigold
on the
Dwarka Expressway
in
Gurugram
.
The project had faced construction delays due to the NBFC crisis in 2018 and disruptions during the COVID-19 pandemic. It was revived through last-mile funding provided by the government-backed stress resolution fund. The project is now fully completed, with all six towers having received occupation certificates (OCs) from the authorities.
The fund entered in February 2021, when the project had nearly 4.5 lakh sq ft of unsold inventory. The average price point at the time ranged between ₹6,000–₹6,500 per sq ft.
As of mid-2025, all six towers in the project, comprising 422 homes, have received OCs, with over 150 families residing in the project. Current market prices in the project are reported in the range of ₹13,500 - ₹15,000 per sq ft.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
10 hours ago
- New Indian Express
ICL Fincorp's new NCD issue opens on July 31, 2025, offering effective yield up to 12.62%
ICL Fincorp is proud to announce the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on 31st July 2025. With an effective yield of up to 12.62%, this offering presents an attractive and secure investment opportunity for those seeking flexible tenures. Following the remarkable response to our previous NCD issues, which were oversubscribed, we are truly honoured by the trust and confidence placed in us by our valued investors. This continued support inspires us to deliver even more robust financial solutions tailored to the evolving needs of our customers. The NCD issue will remain open until 13th August 2025 and is rated CRISIL BBB- /STABLE. Each NCD carries a face value of ₹1,000,and the issue offers 10 schemes with ten options (10 ISINs), with interest rates ranging from10.50% to 12.00%. The minimum application amount is ₹10,000, making it accessible to a broad spectrum of investors. Proceeds from this issue will be strategically deployed to support ICL Fincorp's growth initiatives and further enhance the quality of services offered to our customers and stakeholders across India. This step reaffirms our commitment to delivering reliable, innovative and customer-centric financial solutions. With a legacy of 34 years, ICL Fincorp continues to serve as a trusted financial partner under the visionary leadership of CMD, Adv. K.G. Anilkumar. Our growing presence spans 9 states – Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, and West Bengal – as we move steadily towards establishing a pan-India footprint. The acquisition of Salem Erode Investments, a BSE-listed NBFC with a 93-year history in Tamil Nadu, has further reinforced our position in the financial sector. ICL Fincorp offers a comprehensive portfolio of services, including Gold Loans, Hire Purchase Loans and Business Loans. The ICL Group has also diversified into sectors such as travel, fashion, diagnostics and charitable initiatives. Under the joint leadership of CMD Adv. K.G. Anil Kumar and Mrs. Uma Anilkumar, Whole-time Director & CEO, ICL Fincorp, continues to operate in compliance with the Reserve Bank of India's standards, while earning the enduring trust of customers. As we unveil this new NCD issue, we warmly invite you to be a part of our journey towards financial growth, security and long-term value. (This is a press release and has not been vetted by our editorial team. All investments are subject to market risk. Do assess and decide.)
Business Standard
16 hours ago
- Business Standard
Sugmya Finance Raises INR 21 Crore from Existing Investors to Fuel Next Phase of Growth
New Delhi | July 31, 2025 – Sugmya Finance, a fast-growing, MSME-focused Cashless Non-Banking Financial Company (NBFC), today announced that it has raised INR 21 crore in fresh capital from its existing investors and select others. The funds will be utilized to accelerate business growth, enhance operational capabilities, and further strengthen the company's Capital Adequacy Ratio (CAR), which now exceeds 50%—among the highest in the sector. A robust capital base will enable Sugmya to attract additional debt funding and forge strategic partnerships, including new BC (Business Correspondent) and co-lending alliances. Co-founded in 2019 by Vikas Singh and Brajmohan Singh, Sugmya Finance has so far raised over INR 120 crore in equity capital from professional investors, micro VCs, and HNI/UHNIs. Operating through a network of 200+ branches across India, Sugmya delivers a comprehensive suite of financial services to underserved borrowers in semi-urban, urban, and Tier-3 and below geographies. Since 2020, the company has served more than 2 lakh customers and disbursed loans amounting to over INR 1,700 crore. In addition to its 50+ lending partners, Sugmya has been recently onboarded by two Small Finance Banks as BC service partners to further bridge the credit access gap. Commenting on the fundraise, Vikas Singh, CEO and Co-Founder of Sugmya Finance, said: 'This year's strong monsoon and the upcoming festive season provide a timely growth opportunity. With our enhanced capital position, we are well-placed to tap high-quality demand emerging from Tier-3 and other underserved markets. We remain committed to leveraging fintech innovation to drive inclusive financial access across India.'
Time of India
a day ago
- Time of India
Poonawalla fincorp deploys 4 AI solutions in operations and finance
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group-promoted NBFC focused on Consumer and MSME lending, today announced the deployment of four AI-led solutions, comprising one Agentic AI solution and three AI-powered systems, as part of its enterprise-wide digital transformation journey. These include an Agentic AI powered Data Quality Index (DQI), an Infrastructure Management Solution , a proprietary Fin-Bot for financial intelligence, and an AI-led Invoice Management System, all aimed at enhancing speed, precision, and scalability across key business functions. These deployments reflect PFL's continued shift toward building an organisation where AI becomes foundational to how the business operates and scales. Rather than solving in silos, the company is focused on deploying systems that can learn, adapt, and deliver impact across functions, from risk and compliance to infrastructure and finance. Each solution is designed to simplify complexity with clarity, and accelerating the company's ambition to lead as a digitally confident, operationally agile NBFC. Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said: 'We're not treating AI as a one-time upgrade. It's a long-term capability we are building deliberately across the organisation, grounded in responsible use and real business relevance. Our aim is to embed intelligence into the very fabric of how we operate, enabling faster decisions, sharper insights, and stronger outcomes. This is about shaping an organisation that is not just digitally enabled, but fundamentally future-ready.' 1. Agentic AI for Data Quality Index (DQI): PFL has unveiled an agentic AI solution for DQI , designed to autonomously drive operational data integrity at scale. It is a self-driven system that understands internal business needs and external regulatory requirements, reduces manual intervention, and delivers audit-ready transparency . With features such as anomaly detection , self-adaptive validation logic that evolves with new requirements, and context-aware data validation , the solution empowers smarter, compliant, and scalable operations across business lines. 2. AI-Powered Infrastructure Management Solution: PFL also introduced an AI-powered infrastructure solution that streamlines property acquisition to facilitate its 400 phase-wise branch expansion across Tier 2 and Tier 3 cities. The solution validates regionally prepared legal documents, such as title deeds, municipal records, and NOCs, through multilingual translation and intelligent data extraction. It generates internal validation reports that cross-check external Title Search Reports, enhancing governance, reducing human error, and enabling decisions in under 5 minutes after document upload, compared to the earlier 2–3 day turnaround. 3. Fin-Bot for Financial Intelligence: Expanding its transformation efforts into finance operations, PFL introduced Fin-Bot, an advanced AI-powered financial intelligence solution, designed to deliver precision-driven financial analysis backed by meaningful insights on both internal and competitive performance. Developed entirely in-house, the solution aggregates data from multiple systems into a centralized repository and offers customized reports across key financial metrics. It enhances governance by reducing the risk of errors and enabling informed decision-making, while significantly improving turnaround times for disclosures. 4. AI-Powered Invoice Management Solution: PFL also introduced an AI-powered invoice management solution that automates the reading and validation of sourcing channel invoices based on predefined policies and compliance standards. By harnessing machine learning and AI-vision models, the system enhances accuracy, reduces manual effort, and expedites processing, allowing the finance team to handle surging invoice volumes with improved precision. The solution supports scalable, policy-driven approvals across departments, streamlining financial workflows, minimizing operational overhead, and empowering teams to focus on more strategic initiatives. At PFL, AI will emerge as a strategic differentiator and game-changer across core areas, right from risk calibration and fraud detection to marketing, compliance, HR, governance, audit, and underwriting quality assessment. The company is actively scaling its AI efforts with 35 projects, of which 8 have been successfully completed. PFL continues to deepen its commitment to its AI-first approach, driving intelligent automation, accuracy, and future-ready innovation.
