Century Real Estate to set up Rs 100 crore VC Fund
Bangalore-based property firm Century Real Estate Holdings is reportedly setting up a venture capital fund with a corpus of around Rs.100 crore.
Bangalore-based property firm Century Real Estate Holdings is reportedly setting up a venture capital fund with a corpus of around Rs.100 crore.
IIFL Venture Capital Fund, the private equity arm of the India Infoline group, is reportedly raising Rs.500 crore for investing in real estate.
The Indian real estate sector has grown rapidly over the last few years, with its stakeholder profile evolving from locally-focused, privately-owned enterprises to increasingly corporatized, professional organizations funded with public capital and having multiple market and product strategies.
ArthVeda Fund Management, a unit of Dewan Housing Finance Corp. said on Tuesday, December 6, it plans to raise Rs.2 billion (about $40 million) to invest in greenfield real estate projects.
Jones Lang LaSalle India, the country’s largest and leading international property consultancy, has been honoured with the prestigious India M&A Deal Of The Year award in the Middle Markets category.
Housing Development Finance Corp. will invest about Rs.2 billion ($41 million) in one of the projects of New Delhi-based real estate developer ATS Infrastructure Ltd, sources close to the development said.
Realty fund manager Azure Capital Advisors will start raising around Rs.200 crore to invest in residential projects in the southern and western parts of the country from next week.
Global consultancy firm McKinsey has recommended moving Indian household savings in physical assets like gold and real estate to financial assets to increase the flow of financial savings to domestic equity markets.
Kumar Urban Development Ltd (KUL) has raised Rs.50 crore from two private investors, taking its total fund-raising this year to about Rs.300 crore.
Private equity investors are poised to exit roughly $5 billion worth of Indian real estate investments in the next two or three years, a Nomura report said.