IL&FS private equity is strategically positioning itself to elevate its investments within the infrastructure and real estate sectors by the conclusion of FY10. The firm declares an intention to escalate its investment in the infrastructure sector from 660 million US dollars to a notable 1 billion US dollars. In the realm of real estate, they currently hold investments amounting to 1.6 billion US dollars and are determined to engage in additional deals across both sectors.
Speaking on behalf of the firm, Mr. Shahzad Dalal, the Vice Chairman of IL&FS Investment Managers Ltd, stated, “We will invest close to a billion dollars in infrastructure as well by about the end of this financial year.”
Photo by nancyarora2020 Within the real estate sector, IL&FS has already allocated 1.2 billion US dollars across over 30 deals thus far. They are now actively pursuing an additional ten deals, with expectations to deploy the remaining capital by year-end, predominantly in the residential market along with commercial real estate.
Recently, the company made significant strides in the real estate domain, securing a deal via the IL&FS Milestone Fund in HCC’s Real Estate project, ‘247 Park,’ where they invested Rs 575 crore for a commanding 74 percent stake.
Mr. Dalal elaborated, “The outlook is fairly bullish on both Real Estate and infrastructure. We believe there are a lot of opportunities. There may not be many good projects, but because of our reach and reputation, we do see some really good projects.”