Jawala Real Estate has taken out a Re9 billion revolving credit facility.
Bank of Baroda led the consortium of lenders on the deal.
The financing is connected to the development of Tower No 1 (Allura) and Tower No 3 (Marquise) of the residential project known as ‘The Park’ in Lower Parel, Mumbai.
Jawala Real Estate is a subsidiary of the Lodha Group.