Piramal, controlled by billionaire Ajay Piramal, and APG will invest in local infrastructure companies through rupee-denominated mezzanine instruments.
To invest $1 bn in realty sector, mulls new funds; has done exits worth Rs 8,000 crore, says founder
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
7.8 million square feet of mall space is under construction this year, the highest ever since 2011.
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