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Q: Aditya Birla Real Estate Fund is in the process of closing two investments in projects of Chennai-based Barath Building Construction Pvt. Ltd.
Latest Answer: At the time when home sales are particularly low, a number of private equity funds are looking to buy apartments at steep discounts to market prices. Indiareit Fund Advisors Pvt. Ltd. backed by the Ajay Piramal Group started buying residential apartments in bulk from developers earlier this year when they launched an apartment fund.
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