CGPL Funds Monarch Universal for Projects up to INR 45 Crores
One of the topmost non-deposits, non-banking finance conglomerates, Capri Global Capital Limited (CGPL) has signed a deal with Monarch Universal to provide funding for developing two residential projects in Kalamboli and Roadpali. Monarch Universal is a renowned real estate builder which have proven track record of providing world-class commercial and residential spaces in Navi Mumbai.
The Wholesale Lending head, Ramesh Kelkar (CGPL) added that this transaction is going to be a testimony of the reality that the residential projects launching on the outskirts of the city are going to set a benchmark in real estate market which is very emerging these days. It will keep on increasing attention of financial companies. Monarch Universal is a reputable developer in Navi Mumbai and has introduced various large-scale residential projects. They are keen in supporting the group for such projects. They are actively looking forward to achieve other opportunities around the country over the few quarters to come.
In 2013, the demand of residential projects was subdued. But according to CGPL, the real estate market will keep on rising and gaining popularity among the mid-income group for housing segment in 2014, because of the realistically priced projects. The firm looks forward to focus basically on real estate projects for financing.
About Monarch Universal
Monarch Universal is an esteemed real estate group which is aimed to provide luxury living and help you carry elegance in your hand. They were established as a service company engaged in supplying building material and transport material in 1985. In Navi Mumbai, they eventually emerged for providing real estate and lifestyle projects in the city. They are said to be the connoisseur of art which pay attention to the minutest detail to deliver the class you desire. Whether it comes to add mahogany finish on the closet or adding vitrified tile on the floor, they can make your home look a class apart.
They are known to custom-made every home in their projects by considering the diverse needs of the residents. They know what a new-age home seeker expects while buying an apartment. So, they deliver the projects accordingly.