MK Gabino is a slum rehabilitation project with total saleable area of 0.7L sq. ft. and 105 units. In addition, there are 152 rehab units to be constructed and handed over to SRA.
Developed by AR Amboli Developers Pvt Ltd, promoted by Mr. Mahafuz Khan.
Project is located in Amboli area in Andheri West, Mumbai.
Project was launched in 2018. However, it was delayed due to inadequate funding and covid impact.
Overall, the project was delayed by ~2 years.
SWAMIH Fund invested in the project in Oct 2020 for project completion.
Out of sanction amount of Rs 52 Cr, SWAMIH Fund has invested Rs 25 Cr.
As on today, AR Amboli Developers has fully re-paid Rs 25 Cr along with 12% XIRR.