Through a scheme called Domestic Scheme V, Piramal Group's real estate private equity firm Indiareit Fund Advisors has raised Rs 800 crore capital, the firm said in a statement on November 13. Piramal's Indiareit is focused on lending to real estate and education sector.
The company has crossed the basic fund size of Rs 750 crore last week.
The fund has exercised greenshoe option of Rs 250 crore in the wake of overwhelming demand and now it is targeting to raise Rs 1,000 crore.