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Warburg Pincus to invest $75mn in Unique

Global private equity biggie, Warburg Pincus, will invest $ 75 million (Rs 300 crore) in Jaipur-based Mannat Group company, Unique Affordable Homes, to build affordable housing projects in North and Western India. Warburg Pincus will provide an initial equity line of up to $ 75 million to the venture.




Unique Builders has completed nine real estate projects comprising four residential and five commercial projects mostly in Rajasthan. With a large land bank in Jaipur and its surrounding areas, the group has imminent plans to launch mega projects in the residential, corporate/commercial and township sectors.

“The Indian real estate market is growing at an incredible pace and we believe it presents significant investment opportunities.

“Warburg Pincus' investment in the company reflects the firm's confidence in Unique Builders and in the potential of the Indian real estate sector,” said Julie Johnson Staples, Head-Communications at Warburg Pincus.

Warburg Pincus is the largest private equity investor in India, having invested more than $ 2 billion in the country. The firm's past and current investments in India include Ambuja Cement, Lemon Tree Hotels, Moser Baer, HDFC and others.

Source: Business Standard

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