Toys for Kids & Adults

March 21, 2010

Kotak Realty Funds is raising $350-million for realestate

Filed under: Mind Toys — admin @ 4:15 am


Kotak Realty Funds is raising $350-million for realestate joint venture projects in India and stakes in developer projects, to help the latter, who have witnesses a narrowing of their fund sources. Chief Investment Officer Hari Krishna, who has already invested in a domestic $100-million fund raised, says the new seven-year fund will close next month. The tactic has also been pursued by the realestate arm of US investment bank Morgan Stanley, which has bought into three small Indian developers, itching to accumulate land and build at a time when the realestate market is booming, [...]
Huntsville real estate

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