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.
Indiareit continues with its plans to raise up to Rs 1000 crore for the fund, it said in a statement.
The property fund manages about Rs 4343 crore across five earlier funds and two third party mandates, Indiareit said.