Kotak Realty invests Rs 110 cr in TDI's Kundli project

19 Mar 2013 Editorial Team

Kotak Realty Fund has invested Rs 110 crore in a 29-acre group housing project being developed by the TDI Infrastructure in Kundli, Sonepat of Haryana in the national capital region. This is the first private equity investment in a project being developed by the company.

Kamal Taneja, Managing Director, TDI Infrastructure said that the group housing is part of a larger 1,200 acre township that the company is developing in Kundli. The township is located just 6 kilometres from the northern part of Delhi. The region of Sonepat came into focus recently in this year's railway budget in which a new rail coach factory was proposed in the area.

This is expected to create jobs in and around the area and will improve the development of the region. In the last few years Gurgaon has seen a huge amount of development but prices in the city have gone beyond the reach of the common man. A number of developers, including TDI have been focussing on offering affordable homes in areas beyond Gurgaon where new job opportunities are getting created.

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