British investors seek higher profits in India's booming real estate market amid slowdown in UK property sector
Red Fort Capital plans to invest Rs 3,500 crore in Indian real estate projects over the next two and a half years, focusing on Tier I and II cities, and potentially Tier III locations.
Alok Industries is in talks to sell a 20% equity stake in its unit, Alok Infrastructure, to private equity firms, aiming to raise Rs 600 crore for development.
ICICI Venture to raise $3B from 2 funds, including $1.5B for real estate, targeting residential and commercial properties.
Old Mutual plans to significantly ramp up investments in Indian real estate, launching four new $1 billion funds by 2015, aiming to become a leading retail developer and asset manager.
Bahraini firm Acacia Real Estate buys 49% stake in Noida's Logix TechnoPark for $69 million, projecting a 24% annual return for investors.
Primary Real Estate Advisors plans a $500 million fund amidst India's cooling property market, targeting 15-20% returns despite slowing sales in major cities.
India's realty sector attracts global investors, ranking third behind the US and China for capital appreciation, according to AFIRE's survey.