Piramal to invest Rs 5,000 cr in Hyd’s real estate

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In its bid to boost its business from the real estate segment, Piramal Capital on Thursday said it has committed to invest more than Rs 5,000 crore in in Hyderabad’s real estate sector over the next two years. “We have always believed in the growth potential of Hyderabad.

We, therefore, made a conscious decision to act as first movers in the market and started deploying capital when most of our competitors chose to stay away because of their vintage investments in the state. We look to commit more than Rs 5,000 crore towards the Hyderabad real estate market over the next 24 months,” Khushru Jijina, managing director, Piramal Finance Limited and Piramal Housing Finance Limited, said.

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