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Ex-Citi property banker to raise $350 mln for India fund

Posted on 01 December 2010

From Bloomberg: Ravi Hansoty, the former head of the Asia-Pacific region at Citi Property Investors, plans to raise as much as $350 million by the end of next year for an India property fund.
The fund aims to buy land to build apartments and hotels in India as early as June, said Hansoty, who left Citigroup Inc.’s real estate asset management unit in November. Hansoty said he will set up his company in Mumbai and may relocate from Hong Kong after he stops accepting new money from investors……………………………………….Full Article: Source


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