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Indiareit says raises about Rs 300 cr for redevelopment fund

Indiareit continues with its plans to raise up to Rs 1000 crore for the fund

Reuters  |  Mumbai 

Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises , said on Tuesday it raised Rs 300 crore  from domestic investors for a fund that will invest in redevelopment projects in India. Indiareit continues with its plans to raise up to Rs 1000 crore  for the fund, it said in a statement. The property fund manages about Rs 4343 crore across five earlier funds and two third party mandates, Indiareit said. 

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First Published: Tue, August 06 2013. 12:43 IST
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