With the growing graph of real estate industry many new investor is eying for their share of realty through various investments. According to the sources of www.propertykhazana.com one of the top rated brands of the country Piramal Group is making their way to the Realty Park with and investment of 7.5 billion to 10 billions of rupees with in the current financial year. The investment will be through its newly shaped non banking financial group as stated by the top officials of the organization.
Meantime, the company is also focusing into the research and development side of the health care unit with a jumbo amount of 2 billion rupees for the coming fiscal year that will be more than that of what was invested in current year with 1.5 billion rupees for the same cause. Apart from all this Piramal booked a space in the headlines of the dailies by transferring the ownership of the India drug business with 3.72 billion USD to an US based Abbott Laboratories last year. And now their next proceeding will be to acquire a biotechnological firm at some overseas location.
Source: NIMMA BENGALURU
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