mumbai cppib credit investments a whollyowned subsidiary of canada pension plan investment board and ajay piramalcontrolled piramal enterprises on wednesday said they were joining hands to float a 500million about rs 3100crore fund that will provide debt financing to residential real estate projects across indian citiesindiareit fund advisors the real estate fund management arm of piramal enterprises has been appointed as an adviser for fund management operations the focus will be on residential developments in mumbai delhi ncr bangalore pune and chennai the markets with good civic infrastructure strong employment and population growth forecasts which provide favourable absorption dynamics for middle income housing a release from the two companies said