India’s $1.3t housing bonanza draws Piramal loan bet

India’s $1.3t housing bonanza draws Piramal loan bet

A file photo of Ajay Piramal. Piramal Capital currently manages assets in excess of Rs.22,000 crore, with specifically tailored investment strategies for real estate, infrastructure and other special situations. Photo: S. Kumar/Mint

Indian billionaire Ajay Piramal wants to sell mortgages and build affordable homes as the drugs-to-data conglomerate seeks to ride an estimated $1.3 trillion housing-investment boom.

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