Ashok Piramal Group
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 »
India’s large mall developers companies are focusing on small towns, scouting for potential purchases. Developers like Future Group, Inorbit Malls (India) Pvt. Ltd and Infiniti Mall are looking to acquire malls in small cities to tap the potential there, while the top urban markets are close to being saturated. Inorbit, a division of Mumbai-based real estate developer K Raheja [...] Continue Reading »
Brookfield Asset Management, a Canadian firm has teamed up with Peninsula Land, a branch of Ashok Piramal Group and planning to invest Rs 500 crore fund in real estate sector. It is a joint effort and the fund will initiate from April 2012. The fund will also have an over allotment option of Rs 150 [...] Continue Reading »
