InudsInd Bank raises funds to Sushma Group for commercial projects
ECONOMY & POLICY

InudsInd Bank raises funds to Sushma Group for commercial projects

Sushma Group, based in Punjab, has raised Rs 1.4 billion from Indusland Bank to fund commercial projects. The Sushma Group announced that Induslnd Bank has committed Rs 500 million to its commercial project 'Sushma Capital' in a statement.

IndusInd Bank has committed another Rs 900 million in new funding for its 'Sushma Pristine' commercial project.

The combined area of the two commercial projects is 1.47 lakh square feet of office space, 60,000 square feet of SOHOs, and 7.69 lakh square feet of retail space.

“The aggressive financing of the commercial segment by banks and financial institutions is a testament to the bright future of commercial real estate in tier 2 cities. With this funding, we are well positioned to continue delivering innovative real estate solutions to our customers,” said Prateek Mittal, Executive Director, Sushma Group.

In the last 14 years, the group has completed several projects totaling over 5 million square feet, with another approximately 10 million square feet under construction.

It is involved in projects in and around Chandigarh, including Zirakpur, Mohali, Greater Mohali, Aerocity, Kharar, and New Chandigarh. In Himachal Pradesh, the group is working on another project.

Sushma Group raised Rs 1 billion from Motilal Oswal Group last year for the development of its residential project.

See also:
Tier-2 realty developers receiving funds post-pandemic
Kotak forms $590 mn worth of investment platform with ADIA


Sushma Group, based in Punjab, has raised Rs 1.4 billion from Indusland Bank to fund commercial projects. The Sushma Group announced that Induslnd Bank has committed Rs 500 million to its commercial project 'Sushma Capital' in a statement. IndusInd Bank has committed another Rs 900 million in new funding for its 'Sushma Pristine' commercial project. The combined area of the two commercial projects is 1.47 lakh square feet of office space, 60,000 square feet of SOHOs, and 7.69 lakh square feet of retail space. “The aggressive financing of the commercial segment by banks and financial institutions is a testament to the bright future of commercial real estate in tier 2 cities. With this funding, we are well positioned to continue delivering innovative real estate solutions to our customers,” said Prateek Mittal, Executive Director, Sushma Group. In the last 14 years, the group has completed several projects totaling over 5 million square feet, with another approximately 10 million square feet under construction. It is involved in projects in and around Chandigarh, including Zirakpur, Mohali, Greater Mohali, Aerocity, Kharar, and New Chandigarh. In Himachal Pradesh, the group is working on another project. Sushma Group raised Rs 1 billion from Motilal Oswal Group last year for the development of its residential project. See also: Tier-2 realty developers receiving funds post-pandemic Kotak forms $590 mn worth of investment platform with ADIA

Next Story
Infrastructure Urban

Arya Omnitalk Powers India’s Toll Revolution with AI-Driven Solutions

Arya Omnitalk, a leader in intelligent transportation systems, is revolutionising toll collection across India’s national highways with its advanced AI-powered Toll Management Solutions. Designed for rugged remote toll locations, the company’s cutting-edge technology ensures seamless, reliable, and secure tolling—especially during high-capacity operations exceeding 200%. By integrating real-time analytics, cyber protection, and FASTag-based cashless tolling, Arya Omnitalk’s systems are significantly reducing congestion, improving transparency, and enhancing revenue assurance. Its full..

Next Story
Infrastructure Urban

Over 800 Join Anant Raj Runathon to Mark Earth Day

Over 800 participants came together at Anant Raj Estate, Sector 63A, Gurugram, for the Anant Raj Runathon 2025—a vibrant celebration of Earth Day through fitness, community bonding, and sustainability. Curated by renowned running coach Ravinder, the event featured four categories: 10-mile and 5-mile timed runs, a 5-mile walkathon, and a 1-mile kids’ run. Runners of all ages took to the green, scenic roads of the area—some chasing personal bests, others running for a cause. The Runathon was designed to promote healthy living while raising awareness about sustainable practices. Participa..

Next Story
Infrastructure Urban

PETRONAS Lubricants, Quaker Houghton Ink Strategic Deal

In a significant step towards strengthening industrial operations in India and Malaysia, PETRONAS Lubricants India Pvt. Ltd (PLIPL) and Quaker Houghton have announced a strategic partnership aimed at delivering high-performance industrial fluid solutions to key manufacturing sectors, including steel production. The collaboration combines the strengths of both companies—leveraging PETRONAS Lubricants India’s maintenance lubricant technologies and Quaker Houghton’s deep expertise in metalworking fluids. Starting from the second quarter of 2025, Quaker Houghton will begin offering PETRONAS..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?