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Union Bank invests Rs 250 crore in Hyderabad realty co’s luxury housing project

By Economic Times - 6 months ago
Company’s project The Megaleio will be spread in over one million sq ft area and will need to Rs 800-900 crore. While the funding raised from the bank will be used to start the construction, balance work will be done through the sales receivable, which is more than Rs 1,200 crore.

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