Realty sector slowdown: Rise and fall of Ashok Piramal's Peninsula Land
Realty sector slowdown: Rise and fall of Ashok Piramal's Peninsula Land The company has been making operating losses for the past three years, thereby struggling to pay interest charges Current Affairs News :Landmass Land, advanced by Ashok Piramal Group, had numerous firsts surprisingly. It fabricated Crossroads in South Mumbai, which was the nation’s first shopping center. It created Peninsula Corporate Park — one of the primary plant arrives in Mumbai to get changed over into a corporate complex. It additionally has land assets with Brookfield of Canada, consequently, getting one of the primary organizations to begin a pattern of land organization co-contributing with a worldwide reserve chief. In any case, all these were in past times worth remembering. The lull in the land part has hit the organization hard. It detailed a working loss of Rs 129 crore during the primary half (H1) of 2019-20 (FY20) and is attempting to reimburse obligation. The organization had intrigue...