| Government of Singapore Investment Corp. Pte Ltd (GIC), a sovereign wealth fund, Blackstone Group Lp and Warburg Pincus Llc were the heaviest investors. Blackstone, India’s largest owner of office assets, purchased an office project in suburban Mumbai for about Rs.1,060 crore, while an affiliate of Warburg Pincus picked up a minority stake in Piramal Realty, the real estate development arm of Piramal Group, for Rs.1,800 crore.
The latter was one of the largest single investments in a real estate firm in recent years. GIC struck one of the largest transactions in 2015, where it invested Rs.1,990 crore in two projects of DLF Home Developers Ltd, a DLF subsidiary, as the two entered into a joint venture...............................................Full Article: Source
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