mumbai indiareit fund advisors the real estate private equity arm of piramal enterprises has made two investments totaling rs 200 crore in realty projects in mumbai pune and bangalore the fund said in a release of the two investments the first investment worth rs 100 crore is in a residential project being developed by omkar realtors developers at bhoiwada in central mumbai the underconstruction project is spread over 17 acres has a potential freesale component of 25 million sq ft this transaction also marks the maiden deal for indiareits recently concluded rs 400 crore mumbai redevelopment fund indiareits second transaction is for investment of rs 100 crore in punebased marvel groups projects in pune bangalore and mumbai marvel group has total 153 million sq ft space under construction spread over 38 projects indiareit has made this investment from indiareit domestic scheme iv that has a total corpus of rs 900 crore separately indiareit also announced that it has started distribution of its rs 440crore exits that were term sheeted three months ago with the first transaction of a special economic zone at hinjewadi in pune the remaining exits are also on track to closedistribute within the next two months the release said