$ 250 Million to be Invested by Abu Dhabi Investment Authority in Hines Indian Real Estate Firm

ADIAWith the increasing interest of the overseas in Indian real estate market, Abu Dhabi Investment Authority (ADIA) is all set to invest $ 250 Million that is Rs. 1,500 crore in Hines India Real Estate which is a part of American development and management company, Hines.This independent wealth fund company has formed a strategic association with Hines to invest in residential sector across India’s metro cities. According to one of the spokesperson, this would be the first direct realty venture with the development firm in India for the fund.The investment company is owned by the emirate of Abu Dhabi and lately it had invested around Rs. 1800 crore in the offshore subsidize of Kotak Realty Funds of Kotak Mahindra Bank. The funds will be used in the Indian real estate sector. The sovereign wealth fund has till date invested more than $500 million, mostly through private equity funds in India. ADIA is primarily targeting mid-market and upper mid-segment residential development. The company will be first making its entry in Mumbai and later in Delhi- NCR.Apart from this independent investment fund, another overseas firm, Qatar Investment Authority have currently invested Rs 1,800 crore in RMZ Corp, a Bangalore based real estate firm to obtain commercial spaces in prime localities like Bangalore, Pune, Chennai and Hyderabad. Canada Pension Plan Investment Board has also decided to invest $ 200 million for acquiring 80% of stake in a joint venture company.According to report presented by a reputed property consultant firm, overseas investment in Indian real estate sector is expected to increase in the coming years.займ на карту без отказов круглосуточновзять кредит онлайн

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