The Bangalore-based real estate and infrastructure developer IDEB Projects, which received $34-million private equity funding from the US-based Samsara Capital LLC in February this year has used the funds to build its land bank and ramp up the existing projects, according to Harkirat Singh Bedi, Managing Director, IDEB Projects. The company has overall funds of $60 million within the group. The company plans to leverage the money higher at the Special Purpose Vehicle (SPV) level to attract more investments. It has acquired 200 acres of land in Uttarakhand. It also plans to launch nine projects across the country this year, starting with Pune this weekend. Other cities include Mysore, Goa, Chandigarh, Bangalore (two residential projects) and Jaipur.
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