Piramal’s real estate fund seeks one-year extension amid difficult exits

Piramal’s real estate fund seeks one-year extension amid difficult exits

A file photo of Ajay Piramal, chairman, Piramal Group. Photo: Mint

Ajay Piramal-backed Piramal Fund Management has sought consent from investors to extend the tenure of its real estate investment fund–Indiareit Fund Scheme V–by a year as it has been finding it difficult to exit from some of the residential projects.

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