31.07.2013 - Foreign investors & SWFs bullish on Indian realty
Global investors are once again warming up to India's real estate and have raised nearly $2 billion (Rs 11,854 crore) in the past year despite the economic uncertainties and the scepticism surrounding this sector. Some of the large investments include Abu Dhabi Investment Authority (ADIA) backing Kotak Realty fund, and Sovereign Fund of Oman investing in HDFC. While realty funds are cautious, they are looking for future opportunities as well. Sovereign wealth fund of Gulf ADIA has invested in the offshore fund of Kotak Realty Funds. ADIA, owned by the Emirate of Abu Dhabi, has also appointed Aditya Bhargava, an India-dedicated investment manager, to look at options to invest in the country...............................................Full Article: Source
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