Anniversory Offer

    Piramal pushes Rs. 650-cr in realty projects

    Piramal Group
    The financial services arm of Ajay Piramal led Piramal Group, Piramal Finance has recently extended funds worth Rs 650 crore in realty projects being developer Embassy Group. With the latest transaction Piramal Finance’s exposure to Embassy Group has touched Rs 1,100 crore over a span of six months across deals. The cumulative funding has been carried out in both residential and commercial projects in Bangalore, Chennai and Hyderabad. It may be recalled that Piramal Finance has earlier funded Rs 360 crore towards Embassy Residences in Chennai - a premium residential project spread over 25 acres with around 3 lakh sq ft of built up area. The second investment was made in Phoenix-Embassy, which is a joint venture between Embassy and Phoenix Group of Hyderabad developing around 1.5 million sq. ft. of grade-A commercial space in the financial district of Hyderabad with a potential to develop a further 4 million sq ft., said official sources.
    CURRENTLY ONLINE
    We have 241 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