{"id":1225,"date":"2017-02-16T16:40:47","date_gmt":"2017-02-16T11:10:47","guid":{"rendered":"https:\/\/www.propstack.com\/news\/?p=1225"},"modified":"2017-02-16T16:42:30","modified_gmt":"2017-02-16T11:12:30","slug":"piramal-lends-rs-2000-cr-under-lease-rental-discounting-scheme","status":"publish","type":"post","link":"https:\/\/www.propstack.com\/news\/piramal-lends-rs-2000-cr-under-lease-rental-discounting-scheme\/","title":{"rendered":"Piramal lends Rs 2,000 cr under lease rental discounting scheme"},"content":{"rendered":"<div>Piramal Fund Management (PFM), financial services arm of Piramal Enterprises, has sanctioned investments worth about Rs 2,000 crore within three months of launching lease rental discounting (LRD) for completed commercial assets that include office and retail space, it said on Wednesday.<\/div>\n<p>Of this, it recently approved two investments under LRD against assets in Mumbai and in the National Capital Region. The first one is of Rs 440 crore against Wadhwa Group\u2019s commercial property \u00a0in the Bandra Kurla Complex (BKC). The second investment is of Rs 580 crore against ASF Group\u2019s information technology Special Economic Zone development, \u2018ASF Insignia\u2019, in Gurgaon.<\/p>\n<p>Piramal had earlier approved Flexi LRD transactions with Reliable Group in Mumbai and Mantri Group in Bengaluru.<\/p>\n<div id=\"div-gpt-ad-1485163331364-0\" data-google-query-id=\"CJ2siMW6lNICFUwRaAodOlQF1g\">\n<div id=\"google_ads_iframe_\/6516239\/outofpage_1x1_desktop_0__container__\">Read more:\u00a0<a href=\"http:\/\/www.business-standard.com\/article\/companies\/pirmal-lends-rs-2-000-crore-under-lrd-scheme-117021500437_1.html\" target=\"_blank\">Business Standard<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Piramal Fund Management (PFM), financial services arm of Piramal Enterprises, has sanctioned investments worth about Rs 2,000 crore within three months of launching lease rental discounting (LRD) for completed commercial assets that include office and retail space, it said on Wednesday. Of this, it recently approved two investments under LRD against assets in Mumbai and\u2026 <span class=\"read-more\"><a href=\"https:\/\/www.propstack.com\/news\/piramal-lends-rs-2000-cr-under-lease-rental-discounting-scheme\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,18,19,3,5],"tags":[147],"class_list":["post-1225","post","type-post","status-publish","format-standard","hentry","category-city","category-deals","category-investment","category-mumbai","category-ncr","tag-piramal-fund-management"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1225"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1225\/revisions"}],"predecessor-version":[{"id":1226,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1225\/revisions\/1226"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}