The Enforcement Directorate (ED) is investigating Omkar Developers and Piramal Group for a Rs. 2,000 crore loan amidst money laundering allegations. Omkar promoters were arrested, and Sachin Joshi was implicated in laundering Rs. 87 crore.
Piramal Group has raised Rs 800 crore through Indiareit Fund Advisors for residential project development. The fund aims to reach Rs 1,000 crore by year-end.
Indiareit Fund Advisors is launching a Rs 500 crore real estate fund aimed at investments in residential projects across Mumbai, New Delhi, and Alibaug.
W J Towell forms joint ventures with three Indian companies for real estate development in Oman, promising enhanced expertise and deeper Indo-Omani relations.