| Singapore's sovereign wealth fund, GIC, has signalled its confidence in India's commercial real estate market, with a 50% stake in an office development in Hyderabad. The investment is a 50/50 joint venture with Tishman Speyer, a U.S. real estate development firm.
The Waverock development is located near Gachibowli, the IT hub of Hyderabad. Waverock is in its third and final phase of development and will be completed over the next two years. The already completed office segments are fully leased and includes major companies such as DuPont and TCS Accenture. Upon completion, the entire development will be 2.5 million square feet and house more than 20,000 professionals...............................................Full Article: Source
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