admin Noida, India In a significant development for homebuyers and real estate stakeholders, Sikka Group, one of the prominent property developers in the National Capital Region (NCR), has successfully raised ₹130 crore to expedite the completion of its flagship residential project, Sikka Kaamna Greens, in Sector 143, Noida.
Funding to Boost Construction Momentum
The ₹130 crore infusion has been secured through debt financing from a Reserve Bank of India (RBI)–registered non-banking financial company (NBFC). This strategic capital raise is intended specifically to accelerate construction activities and ensure timely delivery of homes to buyers who have already invested in the project.
According to company leadership, the project was approximately 80% complete at the time of the funding arrangement. The fresh capital will help bridge the last mile of construction — enabling the developer to ramp up work and streamline timelines for final handovers.
About Sikka Kaamna Greens
Sikka Kaamna Greens is a premium residential development sprawled over roughly 12.5 acres along the Noida Expressway, offering thoughtfully designed 1, 2, 3, and 4 BHK apartments.
The project has been popular among homebuyers due to its modern amenities, spacious layouts, and strategic location with seamless connectivity to metro links, key business hubs, healthcare facilities, and educational institutions.
This funding round underscores Sikka Group’s commitment to delivering quality homes in an evolving real estate environment, where late-stage financing often plays a crucial role in completing large-scale projects.
Developer’s Commitment to Homebuyers
In response to the funding announcement, Sikka Group’s management reaffirmed its dedication to fulfilling its promises to end-users. By closely managing costs, enhancing project execution, and securing reliable financial backing, the developer aims to maintain trust and ensure that homebuyers receive their dream homes as scheduled.
This capital raise also exemplifies a broader trend in the Indian real estate sector where well-established developers tap non-banking financial sources to meet construction milestones — especially amid credit tightening from traditional banking channels.
