TCG Real Estate Secures Rs 714-crore Funding From SBI for World Trade Centre in Gurugram
According to records obtained by real estate data analytics company CRE Matrix, real estate developer TCG Real Estate has received funding of Rs 714 crore from State Bank of India (SBI) for its World Trade Centre project in Gurugram.
The company is building the “World Trade Centre” business park in Gurugram, which is located off of NH-8, Sohna Road. One million square feet of developable land are planned as part of the project. The World Trade Center in Gurugram will be developed with the help of these funding.
The records state that the Rs 714 crore in funding has been obtained through an SBI loan with a 72-month or six-year term. There is a 9.6% yearly interest rate that must be paid.
According to documents, SBI has granted a loan of Rs 714 crore to Energetic Construction Private Limited for the World Trade Center project in Gurugram. Energetic Construction Pvt. Ltd. is promoted by TCG Urban Infrastructure Holding Pvt. Ltd.
