Latest Answer: As per IBAMC Chief Executive Officer Ambar Maheshwari, they are planning to raise a total of Rs 10000 crore under the category within a period of 5 years from now.
Q:Real estate center funds are now back in the estimating after a two-year fall in prices and are raising money to invest in mid-segment projects across the country, banking on rising investor confidence and sentiments.
Latest Answer: Well Neeraj,
Managing Director and CEO Sunil Rohokale told, the company will stay focused on mid-segment residential projects. The company expects to complete the fundraising in the next 12 months. According to a report, 34% of residential sales happened in the cost bracket of Rs. 50 lakh to one crore. Piramal Fund Management has raised Rs. 500 crore for its "Indiareit Apartment Fund", unparalleled its initial size of Rs. 350 crore. The company is aiming a final close at Rs. 700 crore.
