Latest Answer: Yes, while Piramal Fund will continue to invest through the PMS route, it will go on to raise its next domestic fund in the coming months. Doing transactions through the PMS structure allows a fund house to tap an additional source of HNI (high networth individual) pool, who can co-invest on a project-to-project basis.
Q:Good news for those whose bought property in Mumbai and stuck due to change in building regulation, construction begins in many projects that had been stuck for years.
Latest Answer: Hi everybody,
Developers in Mumbai always wanted to buy land and since they mostly did not get financing to buy land, they stretched themselves too thin. In a city like Mumbai known for its sky touching property and land prices, this became a big responsibility, when real estate firms, after having invested heavily, could not launch its projects due to a steady on approvals when development control regulations were amended or coastal regulations were changed.
Q:Do you know that Piramal Fund Management has invested R125 Cr in a slum redevelopment project, BKC One, carried out in Bandra-Kurla Complex by Kolkata-based Forum Group and Mumbai's Omkar Realtors and Developers Pvt. Ltd.
Latest Answer: Piramal Fund Management's main planning to raise a second store on the same lines anyway it would also get society redevelopments under its crease in the new support.