Indiareit raises Rs 800 cr

Mumbai: Indiareit Fund Advisors, the real estate private equity arm of Piramal Enterprises, said its Domestic Scheme V had crossed the basic fund size of Rs 750 crore last week and had exercised the green shoe option to achieve the target size of Rs 1,000 crore. Currently, the scheme has mopped up Rs 800 crore and is well on track to reach the target fund size by the end of the year.