Fund raising
In a mail to Lucknow Metro Rail Corporation’s (LMRC) Sreedharan suggests that an Agence Francaise de Development (AFD) loan is not best suited for the project. He points out that FIDIC contract conditions don’t suit the Indian situations and may lead to international arbitrations hiking the cost of the project. He adds that AFD would [...] Continue Reading »
Brick Eagle Capital Group is a private equity and land-banking firm. It advises low-cost housing developers. The group is planning to raise $100 million from offshore investors mainly to acquire 1,000 acres of land in and around Mumbai this year. It has zeroed in on the investments to be made. The plan is to house [...] Continue Reading »
Bangalore- Many real estate-focused fund managers are coming up with their own ventures and are developing clear fundraising strategies to convince the investors. Bani Banerjee, former executive director and chief investment officer of TCG Real Estate, who has recently set up an advisory and asset management company, India Global Inc. Pvt. Ltd., said that not [...] Continue Reading »
ASK Group’s realty private equity arm ASK Property Investment Advisors said it has raised a real estate fund of Rs 1,000 crore. ASK Group collected money from high net worth individuals (HNIs) and Ultra HNI investors across 10 cities in India in a partnership with private banking arms of institutions such as ICICI Bank, Future [...] Continue Reading »
Market regulator Securities and Exchange Board of India’s (SEBI) new norms for alternative investment funds (AIF) are likely to make it difficult for real estate fund managers to decide on investment policies. And it will also force them to adopt new ways to attract investors. The norms say the funds should not have more than [...] Continue Reading »
