Global Private Equity fund Apollo Global Management has exited from the super luxury residential project Ahuja Towers, Worli of the Mumbai-based real estate company Ahuja Constructions. Apollo had invested approximately 30.1 Million USD (conversion rate as on date of exit) in the Ahuja Towers project for a 49% voting rights in the company. With over $90 billion as corpus, Apollo Global Management is one of the largest Global private equity funds investing in diverse sectors ranging from Logistics, Textiles, and Real estate, etc. Apollo has taken successful exit from its investment in the Ahuja Towers project wherein they made approximately 69.35 Million USD (conversion rate as on date of exit) for their investment of approximately 30.1 Million USD (conversion rate as on date of exit) resulting in multiple of 2.3 times on their investment value.

When contacted the spokesperson of Ahuja Constructions confirmed the exit.

This comes at a time when most realty funds are finding it difficult to exit their investments in real estate projects amid a slowdown in the property market. Ahuja Constructions used the money invested by Apollo Global Management to develop 53 storey super luxury residential project Ahuja Towers which has redefined the skyline of Worli Mumbai.

About Ahuja Constructions:

For over three decades, we at Ahuja Constructions have proudly been punctuating the Mumbai skyline with our homes. Leveraging our formidable experience, expertise and technology, we introduce the urban resident to the Art of Extraordinary Living. While our projects go by different names, the one thing that remains consistent is the name on the marquee and the promise of a lifestyle that comes with it. Every space created by us has been the hall mark of luxury, detailing and innovation.