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Parinee Group raises Rs 325 crore from HNIs for commercial project in Worli SECTIONS Share Synopsis This is the largest funding deal during the ongoing Covid19 pandemic where the investors are high net worth individuals. Agencies Representative Image Realty developer Parinee Group has raised more than Rs 325 crore from wealthy individuals to fund construction of a commercial project in Mumbai’s business district of Lower Parel-Worli. This is the largest funding deal during the ongoing Covid19 pandemic where the investors are high net worth individuals. The developer has also entered into a barter deal with a construction partner for the execution of the project, Parinee Eminence, which has a revenue potential of more than Rs 2,250 crore. ....
3,386,457.0 The second wave of Covid-19 seems to have a minimal impact on the delivery of the residential units, with over 4.22 lakh units scheduled to be completed by 2021-end across the top 7 cities. However, they may face delay of the supply of construction material or labour availability is impacted. Notably, 72% of the total homes delivered by 2021-end are already sold out, with just 28% remaining unsold. NCR would see the maximum completions with a nearly 28% share, followed by MMR with 26% and Pune with approx. 18%. If the fallout of the second COVID-19 wave does not impact construction activity again, the top 7 cities will have approx. 1.18 lakh homes available for purchase by year-end, according to Anarock research, ....