Garuda Construction has announced a board meeting and approved a ₹40 Cr investment in secured, unrated, unlisted non-convertible debentures of Options Infra Project Pvt Ltd at a 12% annual coupon.

This debt funding supports completing the "Options World" commercial project in Mumbai, where Garuda is the contractor.

The 30-month maturity NCDs are backed by project assets, boosting Garuda’s strategic exposure to real estate development through this secured investment.