varma's blog

Hyderabad is among the leading choices for people who wish to invest in Indian Real Estate. Hyderabad is a place with a high economic growth, excellent architecture, modern infrastructure, and a booming Real Estate and construction industry.

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Red Fort Capital, an international private equity fund, is planning to invest Rs 3,500 crore in the country’s real estate sector during the next one year.
It has also launched a domestic fund few weeks back through which it plans to raise funds. The proceeds would be deployed into non-foreign direct investment projects. The first closing of the 6-year domestic fund would be in May, 2008.

Taiwan is in talks with the Andhra Pradesh government to set up a 2,500-acre SEZ, with an initial investment of $600 million. The proposed SEZ will host businesses from diverse areas such as Information Technology, food processing and shoe manufacturing, to name a few. While capital has already been raised for the project, the Memorandum of Understanding is expected to be inked sometime next month.

Deutsche Bank's alternative investment management business, RREEF Alternative Investments (RREEF), plans to invest a further $1 billion over three years in India's real estate and infrastructure sector, said a top company official.

Kishore Gotety, country head of RREEF India Advisors Private Ltd., said the company has invested about $70 million in another Indian company, Golden Gate Properties Ltd., which is involved in primarily residential apartment projects in southern India.

The real estate arm of Citigroup is reported as investing around Rs 400 crore ($100 million) in Bangalore based Golden Gate Properties for about 10% stake, as per Economic Times.

It is expected to value the tier-II real estate firm at a little over $1 billion. It marks Citigroup deals in the domestic real estate space in the last fortnight. Early last week, the global financial giant unveiled $160 million play in BPTP.