Q:One of the most active investors in the property sector for the past 2 yrs. in Mumbai is looking to expand its assets under management by over a 5th to Rs 22000 crore by the end of March.
Latest Answer: Right Balmiki,
And the Apartment Fund seeks to buy residential units from developers at a discount to popular market price, by offering to purchase in bulk. The Rs 500 crore Redevelopment Fund, launched in mid-2012, has fully been deployed, while 60% of the Rs 570 crore apartment fund, which was launched in 2014, has been invested.
Latest Answer: The investment arm focused towards infrastructure assets plans to invest Rs.5000 cr by 2016. On July 30, 2014, Piramal Enterprises and Dutch pension fund APG Asset Management NV formed a joint venture to invest $1 billion in mezzanine securities of Indian infrastructure firms over next 3 years. Piramal Enterprises and APG have initially committed $375 million each for investments under the strategic association.
