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Puravankara to redevelop 2.5-acre housing society in Mumbai's Pali Hill
Rajat Rastogi, CEO of West & Commercial Assets at Puravankara said that they had been appointed as the preferred developer for the Pali Hill redevelopment project. He mentioned that the redevelopment opportunity in Mumbai was substantial, with a Gross Development Value (GDV) exceeding Rs 3 trillion over the next decade.
In November, the Bengaluru-based developer had announced securing rights to undertake the redevelopment of two housing societies spread over a total 3-acre land parcel in the Lokhandwala area in Andheri West suburb.
Rastogi further elaborated that the company wa..
Piramal Invests Rs 5+ Bn in Puravankara
Piramal Enterprises has made a substantial investment of over Rs 5 billion in projects undertaken by the Puravankara Group. This strategic investment underscores Piramal's confidence in Puravankara's projects and its commitment to supporting the real estate sector's growth.
The investment by Piramal Enterprises will enable Puravankara to accelerate the development of its projects and expand its footprint in key markets across India. It reflects Piramal's strategic approach to deploying capital in high-potential real estate opportunities.
Puravankara Group's projects span across r..
Piramal Invests Rs.5 Bn in Puravankara Projects
Piramal Enterprises has made a significant investment of ?5 billion into Puravankara Projects, a renowned real estate developer. This infusion of funds aims to bolster Puravankara's ongoing and upcoming projects, enhancing its capabilities and accelerating its growth trajectory in the Indian real estate market.
The strategic investment underscores Piramal's confidence in Puravankara's vision and potential to deliver high-quality residential and commercial projects. With a focus on innovation, sustainability, and customer satisfaction, Puravankara is poised to leverage this financial bac..
Residents Sceptical of Sahastradhara Road Widening
Residents in Dehradun have raised questions and expressed scepticism regarding the proposed widening project for Sahastradhara Road. The project, aimed at widening the road to accommodate increased traffic, has faced criticism and scrutiny from local residents concerned about its potential impact on the environment and surrounding areas.
The Sahastradhara Road widening project has sparked debate among residents, with some questioning the necessity and feasibility of the initiative. Critics argue that widening the road may lead to the loss of trees, green spaces, and heritage structures ..
Warburg Pincus Acquires Shriram Housing Finance
Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.
Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..
