Piramal pushes Rs. 300 cr in realty project

    Piramal Realty Project
    In a recent development, Ajay Piramal's Piramal Fund Management and Shapoorji Pallonji Real Estate Development have decided to infuse Rs. 300-cr in a real estate project launched by Mumbai-based developer Ornate Spaces. The duo, along with Ornate, will construct a 1 million sq.ft. residential project titled Grove Towers at Oshiwara in suburban Mumbai. The project managers claim to have received necessary approvals to start work on the site. Out of the planned outlay, 275-cr is debt-type funding by the Piramals; the rest is an equity investment by Shapoorji Pallonji Real Estate (SPRE), President & CIO of Shapoorji Pallonji Real Estate, Venkatesh Gopalkrishnan said, adding that the company likes to back real estate developers with good projects and clear land titles. The proposed project will have two towers of 38 floors each with modern and world-class amenities.
    CURRENTLY ONLINE
    We have 453 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week