Indiareit Fund invests in luxury residential project in Mumbai
Indiareit Fund Advisors, a private equity real estate fund backed by Indian entrepreneur Ajay Piramal, has reportedly invested INR2 billion ($43.8 million) in a luxury residential project in Mumbai, which has been developed by Omkar Realtors and Developers.
The investment was made from the firm's INR9.3 billion Domestic Fund IV, formed in July 2010. Half of the vehicle's capital has already been invested, Ramesh Jogani, Indiareit's CEO and managing director,...
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