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Thursday, November 1, 2007

Real Estate Investing in India is Growing

Walton Street Capital, a U.S based real estate private equity fund is going to invest $100 mn(Rs.400 crores) in Shriram Properties.

Shriram Properties owned by Shriram Group is also opened for investment by others which is planning to invest the money in north and west India in the next year.


Walton Street already has an assets of $14 billion is planning to invest in more Indian real estate ventures.

The deep consumer base, high economic growth, rising demand for offices, malls and residence in India are the factors which make Walton Street to think about additional partnership in India.


Shriram Properties will develop an integrated township in Kolkata in collaboration with Starwood Capital Group and Walton Street Capital. As Walton Street has picked up a stake, there will be two members from it in the seven member’s boards.

They have already successfully completed five million sq.ft of properties and currently developing propjects over 65 sq.ft in Kolkata, Chennai and Bangalore with revenues of Rs.295 crore last year.

Real estate investing in India is growing. It will reach to $90 billion by 2015 from $12 billion in 2005 as the real estate fund in India will get $10 billion in overseas funds in the next two and a half years. So far it has attracted about $3 billion.

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