For development of housing projects in the national capital region, Supertech has raised Rs 100 crore from Reliance PMS, said the company on October 2. Also, Superetch is planning to launch its second project, a 100- acre township, in Gurgaon and the funds raised from Xander would be invested in the township.
Supretech has been raising funds through private equity players to fund its expansion plan.
Supertech had in last April, tied up with private equity firm Xander to raise Rs 280 crore for the upcoming township project in Gurgaon. Last year, it had raised Rs 100 crore from Walton Street Capital for mixed-use project 'Supernova' at Noida. Reliance PMS (Portfolio Management Services) is a part of Reliance Capital Asset Management.