Ltd will invest Rs.2,320 crore in Lodha Developers Pvt. Ltd’s signature World Towers project in central Mumbai, in what is probably the single largest debt financing deal in Indian real estate. This is the second transaction between the two, after Piramal invested Rs.425 crore in Lodha’s Venezia project in central Mumbai in May this year. The World Towers project in Lower Parel, Mumbai, has the 117-storey World One tower, the World Crest tower which is complete, a third, 80-storey tower under construction (commercial or residential) and an office-cum-retail tower. It is about four years from completion and we will use most of the capital in finishing constructing the project,” Lodha said.

Source: Mint September 01, 2016 21:00 UTC