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.
Also Read: On-track projects, nil debt to boost results: Oberoi Realty
Indiareit continues with its plans to raise up to Rs 1,000 crore for the fund, it said in a statement.
The property fund manages about Rs 4,343 crore across five earlier funds and two third party mandates, Indiareit said.
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