Friday, June 29, 2007

‘Private equity capital shares the developer’s risk’

Indiareit Fund, a real estate venture capital fund promoted by the Piramal group, has a corpus of $100 million. It is also adviser to Indiareit Offshore Fund which has a corpus of $200 million. Recently, Indiareit Fund invested Rs 250 crore in Paranjape Schemes (Construction)’s 138-acre township in Pune. In an interview to our correspondent, Ramesh Jogani, CEO & MD, Indiareit Fund spoke about the opportunities and challenges before real estate funds in India.‘Private equity capital shares the developer’s risk’


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