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IndusInd To Launch $1 Billion Fund Focused On Infra and Realty

17 September, 2008

Private sector lender IndusInd Bank has said that it plans to raise a $1 billion fund to invest in infrastructure and real estate. The bank announced this at a meeting of IndusInd International Holdings Ltd, a platform to mobilise NRI investments, in Dubai. The investors in Dubai are very keen on infrastructure and real estate in India and bank plans to mobilise that sentiment, reports PTI. IndusInd plans to partner with Indian firms that are known in the capital market space and are in the process of floating funds of their own.

There have been a lot of investment in the Indian real estate from countries in the Gulf region. In July this year Bahrain-based Khaleeji Commercial Bank announced a $430 million investment in Global Logistix city in Navi Mumbai. The same bank has invested $164 million in an unnamed real estate development project near New Delhi. 

In October 2007 Gulf Finance House committed $630 million for Energy City India, an infrastructure project being set up in Navi Mumbai, Maharashtra. In March this year, Abu Dhabi Investment House (ADIH) also announced the launch of India Entertainment City (IEC) fund, which would be financed through a $400 million Sharia-compliant fund. 


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riathareja . 6 years ago

India is beginning to make news worldwide. It’s just the right time to think India. There’s a new sense of confidence in Indian business. This confidence arises from the growing success of Indian enterprise in the face of competition in an increasing number of sectors. The India growth story is going stronger than ever. Favourable demographic and psychographic changes relating to India’s consumer class, international exposure, availability of quality retail space, wider availability of products and brand communication are some of the factors that are driving the retail in India. Real estate consultancy Jones Lang Lasalle Meghraj has identified 50 Indian cities that are likely to witness most of the retail action over the next couple of years — both in terms of development of malls and advent of organised retailers. And Jaipur, Lucknow and Kochi find mention among cities poised for “high growth.For more view- realtydigest.blogspot.com

IndusInd To Launch $1 Billion Fund Focused On Infra and Realty

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