Pune-based Paranjape Schemes has raised more than INR2.3bn ($31m) from private equity funds for its four residential projects in Mumbai and Pune. Investors included ASK Property Investment Advisors, Arbour Investments and Walton Street Capital. ASK injected over INR910m into Paranjape Athena, a premium housing project in Mumbai. Meanwhile, Walton Street Capital invested over INR850m across the company's township project Forest Trails in Pune’s Bhugaon and premium housing project Trident spread over five acres in Wakad locality.
