Smartworld Developers raises Rs 250 cr from Motilal Oswal for existing housing projects, future growth

Updated: Oct 30 2022 11:58AM

New Delhi, Oct 30 (PTI) Realty firm Smartworld Developers Pvt Ltd has raised Rs 250 crore from Motilal Oswal to build existing housing projects and fund future growth plans.

Smartworld Developers, which has been set up by promoters of M3M Group in 2021, in October last year announced an investment of around Rs 3,000 crore to develop the company's first two residential projects in Gurugram.

The funding of Rs 250 crore raised from Motilal Oswal will be used as growth capital and also for the development of existing housing projects, Smartworld Developers said on Sunday.