Rivali Park Wintergreens is a residential development with total saleable area of 10.8L Sq ft and 708 units
Project being developed by CCI Projects Pvt Ltd promoted by Mr. Hiten and Rohan Khatau
Project is located in Borivali (East) with excellent connectivity by road (WEH), rail and upcoming metro
Project was launched in 2010.
However, delayed due to various reasons such as change in regulations, sand shortage and subsequently, NBFC crisis (Indiabulls HFL, the existing lenders put a stop to further lending)
Overall, the project was delayed by about 5 years.
SWAMIH Fund invested in the project in Feb 2020 with a target to complete the project
Of the committed investment of Rs 180 Cr, SWAMIH Fund has invested Rs 123.3 Cr so far.
In October 2021, CCI Projects Pvt Ltd has repaid entire investment amount along with 12% XIRR.