Piramal Capital to pump in Rs 5,000 crore in Hyderabad’s real estate

In its bid to boost its business from the real estate segment, Piramal Capital on Thursday said it has committed to invest more than Rs 5,000 crore in in Hyderabad’s real estate sector over the next two years. “We have always believed in the growth potential of Hyderabad. We, therefore, made a conscious decision to act as first movers in the market and started deploying capital when most of our competitors chose to stay away because of their vintage investments in the state. We look to commit more than Rs 5,000 crore towards the Hyderabad real estate market over the next 24 months,” Khushru Jijina, managing director, Piramal Finance Limited and Piramal Housing Finance Limited, said.

In recent months, Piramal Capital has sanctioned over Rs 2,000 crore towards construction and finance of (Loan Against Property-LAP/Lease Rental Discounting-LRD) in Hyderabad.

Source: ET Realty

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s