Indiareit raises Rs 1000 crore for domestic property fund
Jan 09, 2014
Source : The Economic Times


MUMBAI: Indiareit Fund Advisors, the real estate private equity arm of India's Piramal Enterprises, has raised Rs 1000 crore ($160.5 million) from investors within the country, the company said.

The domestic fund targets investments which will provide structured returns, Indiareit. The fund would invest in property assets in the top metro cities in the country, Indiareit said.

The property fund manages about Rs 4,343 crore ($696.9 million) across five earlier funds and two third party mandates.


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