Avenue Venture invests Rs.40 Crore in Vastubodh Projects

Pune based Vastubodh Projects has announced that it has received funding of Rs 40 crore from PE firm Avenue Venture Partners Real Estate Fund.

The PE firm will invest in Vastubodh's affordable housing projects.

The first tranche of the total investment, that is about Rs 20 crore, will be invested in AnandGram project that will come up on a 22 acres plot at Pune-Solapur highway.

Source: BS