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Cash-rich realtors use correction to buy land
With depressed market and so many peers anxiously dumping lots to raise cash, they sense a great and rare opportunity. While realty biggies are in a rush to sell their land parcels to reduce debt, a few cash-rich and low-debt property developers and companies sense an opportunity to seal big-ticket deals. The Ajay Piramal Group and its partner, Sunteck Realty, the Ashok Piramal Group's Peninsula Land
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