Polestar advises on INR 1,240 mn of land acquisition from a distressed portfolio of a large NBFC/ARC to a south-based real estate developer.
Polestar acted as Sole and Exclusive Advisor to a large real estate developer in the acquisition of 125 acres of land from distressed portfolio of a leading NBFC and its ARC arm.
Few highlights:
- A real estate developer aimed to acquire undervalued land assets from distressed portfolios of banks, NBFCs, or ARCs.
- Polestar facilitated a successful deal, advising the developer to acquire ~125 acres of land from a leading NBFC and its ARC for INR 1,250 mn.
- The land was partly developed and had multiple litigations. Polestar successfully navigated the structuring challenges and provided clear exit to the investor.
