SREI Infrastructure finance, a chief construction & infrastructure financing firms, is planning to enter real estate financing.

SREI will develop an autonomous company for the planned venture. The plan is now in advanced stages for building an asset base.

Suneet K Maheshwar, the company’s executive director said that the group has conceptualized the fund for real estate financing and must be in a position to roll out the new project in another 6-7 months.

Real estate is not the company’s only target. It is also busy analyzing an entry into many new areas of infrastructure financing; railways, aviation, shipping, mining & pipeline projects being the company’s top priority.

The group is eagerly looking forward to the regulatory approvals for private entry in Rail containers business. Associated with the sector in the past, SREI had offered finance to a couple of entries under the Wagon Investment scheme (WIS) of Indian Railways.

The company, at present possesses assets worth Rs.3, 000crore under its management & a total capital of around Rs.480crore.

The company is currently aspiring to enhance the “assets under management” value to about Rs.10, 000crore in 4-5 years.

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