The wealth fund of the Singapore Government (GIC) and a prominent real estate developer will be joining hands to invest $600 million in Indian realty. This would amount to almost Rs. 3,000 crore in Indian currency. The Ascendas India Growth Programme has been launched by the Ascendas group wherein GIC will be one of the key investors.The joint venture is all set to invest in commercial real estate of India by establishing business spaces in the city of Bangalore, Chennai, Pune, Hyderabad, Mumbai and Delhi NCR. The commercial spaces will house multifarious firms which will make use of the establishment for core or subsidiary purposes. The joint venture will also consider investing in pre-established commercial properties.The commercial real estate of India has been offering higher returns since the last decade. This is one of the primary factors for choosing this arena for real estate investment. Moreover the demand for commercial properties in India is expected to rise by almost two-fold within the next five years. Considering all these positive aspects, the joint venture investment is expected to gain higher returns in the long run.GIC which was instated in the year 1981 is a company set up and owned by the Government of Singapore. With its 6 official branches worldwide, GIC supports the Government of Singapore by helping them achieve high returns in the long term with better investment strategies. Ascendas, on the other hand, is one of the leading real estate solution providers of Asia. With the two business pillars joining hands, the real estate of India will be induced with a fresh lease of lucrative investments.займ на карту без отказов круглосуточновзять кредит онлайн