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Friday, November 2, 2007

Real Estate Investments in India by Old Lane

There is one more news regarding real estate investments in India, Old Lane Mauritius III which is an investment vechicle of Old Lane India Opportunites Funds has invested $26 million (around Rs 104 crore ) in KVK Energy and Infrastructure Private. KVK Energy is a Hyderabad-based company.

This real estate investment in India will benefit by funding 1,200Mw KVK Nilachal power project in Orissa and the 120Mw SV power project in Chhattisgarh

KVK Group, operates in natural gas, LSHS, coal, biomass and hydro power, currently owns stakes in 9 power generation projects spread across 6 states.

The Old Lane India Opportunities Funds reached to $518 million with a life of 10 years which was established in july 2006.

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