Sovereign funds get aggressive on Indian realty

Global sovereign funds are investing more actively in Indian real estate.

Singapore’s sovereign funds, GIC and Temasek, Abu Dhabi’s ADIA and Oman's State General Reserve Fund are among those which’re increasingly placing bets on Indian real estate.

HO’S DONE WHAT?

GIC: To buy 70% in Nirlon, which owns IT Park Entered a JV with Vatika group to develop two projects To invest Rs 3,000 crore in Indian business spaces ADIA: Appointed Kotak to invest $200 million in India TEMASEK AND OMAN'S STATE GENERAL RESERVE FUND: Invested in HDFC's offshore funds

http://www.business-standard.com/article/companies/sovereign-funds-get-aggressive-on-indian-realty-114122500181_1.html