Ajay Piramal Group
Piramal Fund Management Pvt. Ltd is planning to sell investments worth $100 million this year and may start a fund that will invest in residential properties. Piramal Fund Management, a part of the Ajay Piramal Group, is looking at a 100 percent return of capital across two of its early domestic and one offshore fund [...] Continue Reading »
The Ajay Piramal group is close to finalising transactions to purchase controlling stakes in six road assets spread across the country. This move is expected to inject life blood into the stressed road sector and boost infrastructure development in a big way. The real estate to financial services group has signed non-binding preliminary term sheets [...] Continue Reading »
The Ajay Piramal Group is expected to finalise transactions, which involve purchasing the authority to control the stakes in six road assets across the country. This news has fueled the real estate players who are now hoping that the presence of big investors will boost the infrastructure development in the country. Four non-binding preliminary term [...] Continue Reading »
The slowdown in the real estate sector in the last two years seems to be over after the swearing in of the new government whose agenda is to improve the infrastructure, realty and manufacturing industries. On one hand the real estate industry is anticipating to get the Infrastructure status, and on the other hand a [...] Continue Reading »
With the swearing in of the Modi government, real estate is seeing an upward trend. Following that trend a top official of Piramal Enterprises Ltd (Founded by billionaire Ajay Piramal) mentioned that they are looking for some investment opportunities in infrastructure and expect to finalize some deals in the next four months. They are focussing [...] Continue Reading »
Ramky Infrastructure, the Hyderabad-based infrastructure company is in negotiations with private equity fund Morgan Stanley Infrastructure Partners and the Ajay Piramal group to sell three of its road assets to raise funds and cut debts. The company has plans to raise Rs 900 crore from the sale of assets. These assets that company wants to [...] Continue Reading »
Mahindra Lifespace Developers Ltd, the real estate arm of Mahindra group has given formal notice to property advisory, Cushman and Wakefield to sell a mill land parcel in Byculla, Mumbai. The five acre plot is expected to raise around Rs 600 crore revenue from the market. The company has currently seen marginally depressed land sales, [...] Continue Reading »
With so much happening in real estate, some developers look for an opportunity to make it big in the market. Due to heavy debts, many developers are selling off their pet projects. The rich developers grab this opportunity by getting a good deal out of it. Developers like Sunteck Realty, Ajay Piramal Group, Peninsula Land, [...] Continue Reading »
