India: Piramal Fund plans to focus on equity investments in real estate

India: Piramal Fund plans to focus on equity investments in real estate

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The Ajay Piramal Group’s investment arm Piramal Fund Management Pvt. Ltd (PFM) plans to focus on equity investments in residential projects through a new $300 million offshore platform that is in the works, deploy about Rs.500 crore ($78.4 million) for land transactions as well as kick off its second Mumbai redevelopment fund later this year, said a top executive.

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