Indiareit invests Rs 200 Crore from Indiareit Domestic Scheme IV

IndiareitMumbai: Indiareit Fund Advisors have made investments worth Rs 200 crore in realty projects in Mumbai, Pune and Bangalore. The real estate private equity arm of Piramal Enterprises has made two investments summing to Rs 200 crore. The announcement was made by Indiareit on Tuesday.First part of investment is made in the residential project of Omkar Realtors and Developer. The project is under construction at Bhoiwada at central Mumbai. With around 2.5 million sq. ft. of area the project is spread over 17 acres of land and investment by Indiareit Fund is of Rs 100 crore. The transaction of this investment is made from Indiareit’s Rs 400 crore concluded for Mumbai Redevelopment fund.The second investment of Rs 100 crore will be divided in the projects across Pune, Mumbai and Bangalore. Fund invested in Pune based Marvel Group which using the investment for its project in different cities. The group is currently working on 38 projects and has around 15.3 million sq. ft. area under construction.These investments were done from the total amount of Rs 900 crore which is dedicated for Indiareit Domestic Scheme IV. Managing director of Indiareit said that they are expecting 20 percent upward returns from these investments.займ на карту без отказов круглосуточновзять кредит онлайн

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