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Piramal plans to invest US$2b in Indian property

It will help revive stalled commercial and residential projects; expects demand to rise as economy picks up

A study says in New Delhi the inventory pile-up may take 53 months to clear while in leading metros it will take 35 months.


INDIA'S Piramal Enterprises plans to invest US$2 billion in real estate projects over the next two years, betting that a revival in the economy under a new government will boost demand for property, its billionaire chief said.

Its planned investment could help developers