Private Equity

PE-RE Fund Investments

Paranjape raises Rs.231-Cr from ASK, Arbour, Walton Street for 4 Mumbai, Pune projects

Economic Times  

Realtor Paranjape Schemes has raised over INR 231 crore from private equity funds including ASK Property Investment Advisors, Arbour Investments and Walton Street Capital for its four residential projects in Mumbai and Pune. ASK Property Investment Advisors has infused over INR 91 crore in the company's premium housing project in Mumbai's Bandra. This project, Paranjape Athena, will be redevelopment of an old housing society Teachers' Colony spread over an acre that currently houses 140 families. ASK Property Investment Advisors has also invested INR 20 crore in the company's township project spread over 200 acres in Pune's Bhugaon in addition to deployment of funds in Mumbai project Paranjape Athena. Walton Street Capital has invested over INR 85 crore across the developer's township project Forest Trails in Bhugaon and premium housing project Trident spread over five acres in Pune's Wakad. Arbour Investments has invested over INR 35 crore in the firm's premium residential project Paranjape Aspire spread over a quarter of an acre in Mumbai's Andheri. This is a joint development project in partnership with Pune-based developer Rainbow Housing.