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    Puranik Builders’ project gets Rs. 280-cr infusion

    Puranik Builders
    In a bid to ensure sufficient fund flow to its real estate project in Thane, Piramal Enterprises Limited, through its subsidiary Piramal Finance Limited (PFL) has announced Rs. 280 crore to Puranik Builders for one of its flagship projects 'Puranik City Reserva' in Thane. Within the Real Estate space, PFL is uniquely capable of catering to the entire capital stack - right from early stage equity to late stage debt, construction finance, lease rental discounting as well as bulk buying apartments - and is therefore, able to act as a perpetual provider of capital for its preferred relationships. Managing director Puranik Group, Shailesh Puranik said that with this deal his company will achieve a complete financial closure for the project as currently market presents attractive opportunities and the company looks forward to relying on the Piramal platform's experience and expertise as a lender of choice as his company chart out its own path towards further future growth.
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