Piramal Capital sanctions Rs 200 crore funding to Chennai's Appaswamy Group

Piramal Capital & Housing Finance Ltd (PCHFL), wholly-owned subsidiary of Piramal Enterprises, has sanctioned Rs 200 crore funding to Chennai-based realty developer Appaswamy Group.

The structured equity funding will enable the acquisition of 3.34 acre land in Chennai’s Kotturpuram locality, the Piramal Group company said in a release.

Appaswamy has acquired this land parcel on River View Road, Kotturpuram, from the TVH Group. The company plans to develop a premium resident ..

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