Piramal aims to work with property developers, revive distressed projects

International Finance Corporation (IIFC), the investing arm of the World Bank, is planning to put around $100 million in the new fund, alongside the sponsors' investment of $200 million

Khushru Jijina
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Khushru Jijina, managing director of Piramal Capital, said the company would be investing over ~22.50 billion in residential projects in the next one year

Raghavendra Kamath Mumbai
Piramal Capital and Housing Finance is looking to work with distressed property developers and turn around projects.
 
“We formed a separate team who map out developers and projects that are in distress and give win-win-win solutions for developers,” said Khushru Jijina, managing director of Piramal Capital.

First Published: Jul 28 2018 | 11:05 PM IST

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