Stones Infra Projects has raised debt finance

This transaction marked a successful debt raise to fund Oleander Farms’ growth. Strategically located in Karjat between Mumbai and Pune, this five-star resort caters to luxury travelers, MICE (meetings, incentives, conferences and exhibitions), weddings and large-scale events. The rising demand for additional room inventory to host sizable gatherings, along with the scarcity of large-format resorts in the region, were key drivers behind raising capital to accelerate expansion.

Oleander Farms is a five-star luxury family resort located in Karjat, near Mumbai, India. Spanning 180 acres of lush greenery, the resort began operations in 2021 with just eight rooms and has since expanded to 111 rooms. Accommodation ranges from superior lawn view rooms to premium lake view rooms and villas. The resort features renowned dining and brewery options, including Saltt, Common House and Vintage Wines. Guests can also enjoy Cococart Café, Salt Coffee House and a curated selection of retail outlets such as Akashii Clothing and Organic Hub.

Oaklins’ team in India structured and advised on a debt raise of US$10.5 million (INR0.9 billion) to fund the construction of 75 additional rooms and key resort infrastructure. An efficient financing structure was created, backed by real estate collateral, securing favorable terms. This capital infusion will support the expansion of room inventory, boost event-driven revenues and enhance service offerings, further reinforcing the resort’s position in the luxury hospitality segment. The successful deal placement with a Tier-1 bank ensures long-term financial stability and provides ready access to funding for future growth phases.