Zen Residences is a residential development with total saleable area of 3.39 Lac.Sq ft and 226 units
Project being developed by Advance India Projects Limited promoted by Mr. Daljeet Singh, Mr. Harinder Singh and Mr. Gurdeep Singh.
Project is located in Sector 70A, Gurgaon with good connectivity by road.
Project was launched in 2015.
However, delayed due to various reasons such as low collections, non-availability of working capital line, manpower shortage etc.
Overall, the project was delayed by about 4 years.
SWAMIH Fund invested in the project in Nov 2021 with a target to complete the project
Of the committed investment of Rs 81.8 Cr, SWAMIH Fund has invested Rs 10 Cr so far.
As on 24 Jan 2023, Advance India Projects Limited has re-paid Rs 10.0 Cr along with 12% XIRR.