Indostar Capital Finance is lending nearly $32.8 million to two Mumbai-based developers, The Wall Street Journal reports. The India-focused non-banking financial firm is providing about $22 million to Sumer Group and less than $11 million to Sunshine Infrastructure and Housing. The credit facility will be used largely for project completion, land acquisition and payments. Indostar may also provide loans to three more developers. Sumer will utilize the funding to venture into Bangalore, Goa and Gurgaon.

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