05.12.2012 - Real-estate investors try new tack in India
Global investors got burned badly in Indian real-estate a few years ago. Now, a handful are trying anewóbut with a different strategy. In the largest commercial real-estate deal in India this year, private-equity firm Blackstone Group made an equity investment of $170 million in a portfolio of three office complexes. That followed a $200 million investment a year earlier into a joint venture that operates an office park. In March, Morgan Stanley's real-estate investment fund invested $90 million in a joint venture developing a Mumbai apartment complex, the firm's first investment in Indian real estate in four years...............................................Full Article: Source
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