Piramal has roped in Kalpesh Kikani as Chief Executive Officer
The transaction, facilitated by property consultant JLL, included sale of a prime commercial land parcel on Richmond Road in Bengaluru's central business district to SNC
It has recently approved two investments under LRD against assets in Mumbai and NCR
PFM has expanded its product offerings, portfolio companies and geographical reach to enable a steady growth
Offers higher loan to value, flexi repayment
It said this funding will enable Lodha to complete and deliver marquee projects in south and central Mumbai
The JV to help Ajay Piramal-promoted Piramal Fund to take exposure to debt & equity needs of developers
It has emerged as the largest lender to real estate developers at a time when the sector is facing severe slowdown
The investment is towards construction of premium residences being developed by Lodha Group in a project with more than five lakh square feet of saleable area
Plans to lend up to Rs 15,000 crore to select builders in Mumbai, Delhi, Bengaluru, Pune and Chennai over the next year and a half