Newa Bhakti Park is a residential development with total saleable area of 1.9L Sq ft and 108 units
Project being developed by Newa Technocity (I) Pvt Ltd promoted by Mr. Mithubhai and Mr. Chetan Mav.
Project is located in Airoli, very near to Accenture IT park, close to Thane Belapur road & Eastern express highway
Project was launched in 2017.
However, delayed due to inadequate funding and covid impact.
Overall, the project was delayed by about 3 years.
SWAMIH Fund invested in the project in Nov 2020 with a target to complete the project
Of the committed investment of Rs 41 Cr, SWAMIH Fund has invested Rs 20 Cr.
As on today, Newa Technocity (I) Pvt Ltd has fully re-paid Rs 20 Cr along with 12% XIRR.