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SILA Properties Secures Rs 300 Crore From Norwest at Rs 1,000 Crore Valuation
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News18•14-10-2026, 19:30
SILA Properties Secures Rs 300 Crore From Norwest at Rs 1,000 Crore Valuation
- •SILA Properties has raised Rs 300 crore from investment firm Norwest at a valuation of Rs 1,000 crore.
- •The company plans to invest Rs 500 crore in land and new project acquisition over the next two years using this funding and internal accruals.
- •The upcoming investments will focus on luxury residential projects in South Mumbai and Alibaug, alongside commercial projects in Mumbai.
- •Since entering real estate development in 2019, SILA has expanded to over 1.5 million square feet under development with a revenue potential exceeding Rs 3,000 crore.
- •Founded by brothers Rushabh and Sahil Vora in 2010, SILA operates as a business services and real estate development platform.
Key Questions Answered
SILA Properties raised Rs 300 crore from investment firm Norwest at a valuation of Rs 1,000 crore.
With the new investment and internal accruals, SILA plans to invest Rs 500 crore in land and new project acquisition over the next two years. This includes luxury residential projects in South Mumbai and Alibaug, as well as commercial projects in central and secondary business districts across Mumbai.
SILA was founded in 2010 by brothers Rushabh and Sahil Vora.
