 "construction, realty, real estate, housing finance")
Shapoorji Pallonji Real Estate is in talks with partners Actis, ADB and International Finance Corporation (IFC) to extend their mid-income housing platform, Joyville, said a senior executive in the company.
The platform was set up in 2016 with a corpus of Rs 1,240 crore, as a partnership among Shapoorji, Standard Chartered PE, ADB and IFC. Actis took over Standard Chartered realty investment portfolio last year. Of that Rs 1,240 crore, the platform has invested Rs 850 crore. It is developing 16 million sq ft of projects at Virar near Mumbai, Kolkata, and Gurugram, among other places.
“The aim of the talks
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