January 17, 2024: Real estate investment platform, Integrow Asset Management is all set to invest Rs 100 crore in Pune-based Paranjape Schemes’ upcoming project in Manpada, Thane. The project will have a development potential of 1.5 million square foot (msf).
“We are excited to announce our collaboration with Paranjape Schemes. This partnership not only signifies Integrow’s commitment to investing in transformative projects but also showcases our confidence in Paranjape Schemes’ ability to redefine urban living,” said, Ramashrya Yadav, founder & CEO, Integrow.
The Rs 100 crore investment from Integrow is structured as a senior secured instrument, reflecting the fund’s commitment to prudent and secure investment practices. This infusion of capital will support the Thane project.
“Paranjape Schemes is proud to partner with Integrow, an innovative real estate investment platform that shares our values of excellence and customer-centricity,” said, Shashank Paranjape, managing director, Paranjape Schemes (Construction).
The Thane project development is expected to be a significant addition to both companies’ portfolios, contributing an estimated Rs 1,000 crore in project revenue.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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