Q:Is it true that the Mumbai-based real estate firm has raised Rs. 200 core from Piramal Fund Management Pvt. Ltd. for its 500 acres township at Panvel in Navi Mumbai?
Latest Answer: Hi,
Township developments, which are long time development and capital-intensive projects, have had a mixed run in the country so far, with some handing over the project on time while others delayed and cash-starved.
Wadhwa Group, which builds high-end apartments and office buildings. It is an attempt to replace high-cost debt with cheaper capital. They are also buying some additional land for the Panvel project.
