AIG Real Estate may bring another investor in Chennai SEZ, buys RMZ in Hyderabad project | VCCircle
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AIG Real Estate may bring another investor in Chennai SEZ, buys RMZ in Hyderabad project

BY  Pooja Sarkar
AIG Global Real Estate sponsored its India-dedicated fund, which had a final closing in June 2008 with total capital commitments of $282m.

AIG Real Estate Fund is in active talks to bring in another investor including a private equity fund for its Chennai special economic zone (SEZ) project, Velankani Tech Park, which may see a part or full exit for the realty focused asset management arm of US-based AIG, sources close to the development said.

The investment firm had put money in the SEZ project of Bangalore based realtor Velankani Group In October 2008. The project is located at Sriperumbudur, on the outskirts of Chennai.

The source privy to the development told VCCircle, “Primarily they are talking to investors which have interests...

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