Qatar Investment Authority
Southern developer RMZ Corp, backed by Qatar Investment Authority (QIA), is close to buying an IT park owned by BPTP for Rs 800 crore, people directly involved with the matter said. The Bangalore-based RMZ is acquiring the 650,000-sq-ft IT park in Phase IV, Gurgaon, built on 4.5 acres and located close to the international airport. [...] Continue Reading »
GIC, Singapore’s sovereign wealth fund will enter into a joint venture with Brigade Enterprises very soon. On Monday this was announced and a memorandum of understanding (MoU) was signed. The Bangalore-based realty major and GIC, through its affiliate company, will jointly invest up to Rs 1,500 crore in residential and mixed-use development properties in select cities [...] Continue Reading »
Seeing hope regarding the revival of economy after Lok Sabha elections, both foreign and domestic private equity players are now returning back to invest in Indian real estate sector, but with caution. As per the industry experts, they plan to focus on top six-seven cities. During the last year as many as 393 PE deals [...] Continue Reading »
The private equity arm of Housing Development Finance Corporation (HDFC), HDFC Property Fund, plans to raise a $500-million real estate off shore fund by the end of 2012. The company is planning to raise the capital in a single close deal and is in talks with sovereign funds, including Government of Singapore Investment Corporation (GIC) [...] Continue Reading »
