Edelweiss Financial makes Rs 175-cr exit from Paradigm Realty Andheri project

Paradigm Realty repaid a Rs 175 crore debt to Edelweiss Financial Services two quarters early, facilitated by strong sales and refinancing at under 13% interest. The funds were used for the 102 Downtown project in Mumbai's Oshiwara locality, a joint venture with Prozone Realty. Edelweiss achieved an 18-19% IRR on the investment.
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