Ajay Piramal group, Ivanhoe to fish in troubled Indian housing market, invest Rs 2,250 cr
In partnership with Ivanhoe Cambridge, the real estate arm of Canada’s second-biggest fund manager CDPQ, the newly created NBFC entity of the Piramal group would be investing a little over Rs 2,250 crore in equity of residential projects in the next one year.
The Ajay Piramal group is coming out in a big way to help the real estate sector get out of the financial mess. Image source: Reuters