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India: Realty funds betting on low-risk commercial space

Posted on 13 October 2011

IDFC Real Estate Investments, the property investment arm launched in 2010 by Infrastructure Development Finance Co. Ltd, plans to initially invest in commercial office space from the proprietary books of the parent company before raising a fund next year.
“We are actively looking for deals in the commercial office space, especially IT (information technology) parks and IT special economic zones (SEZs) and certain commercial buildings,” said Chetan Dave, chief executive, IDFC Real Estate Investment. We are in the final stages of a few transactions.”………………………………………Full Article: Source


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