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The Economic Times

Economy / The Economic Times

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ICICI Prudential AMC to raise Rs 2k crore fund for Mumbai housing

Between 2020 and 2025, more than 1,100 society-level redevelopment agreements were recorded in Mumbai, unlocking around 432 acres of land. The financing requirement begins before construction, including society payouts, transit accommodation, premiums and approvals, while banks and NBFCs typically participate later at the construction finance stage.

17 Aug 2026 12:48 am