The Economic Times

Norwest invests over Rs 300 cr growth equity in SILAs realty development business

Norwest has made a noteworthy investment of over Rs 300 crore in SILA Properties, valuing the company at Rs 1,000 crore. This strategic funding marks a pivotal growth equity move within India's real estate arena. SILA intends to leverage this capital for land acquisitions and the development of luxury residential properties in Mumbai and Alibaug, with aspirations to attract more institutional investment through tailored platforms.