Piramal's Indiareit to raise $750 m (Hindustan Times via Yahoo! India News)

Ajay Piramal-controlled real estate private equity fund Indiareit will raise close to $750 million overseas to invest in the real estate sector. The company is managing a real estate fund with a corpus of Rs 1,300 crore. Global private equity firms have already committed over $3 billion worth of investments in the Indian real estate space.