South India focused developer, INDIS (formerly INCOR Group) today announced the closure of an ₹ 1,000 crore transaction with Brookfield Asset Management. The deal will fuel INDIS’s strategy of aiming to grow their housing portfolio in the mid-market segment in South India based urban locations “This transaction will help us grow our portfolio of operating projects at a faster pace while creating more value for stakeholders, especially our customers. A portion of the deal will also be used to give an exit to some of the current investors.” G Anand Reddy, Founder, INDIS.
Deal Size: INR ₹ 1,000 crore
Assets: 5 residential projects
Square feet: ~6.5 mn square feet
The transaction represents an ₹ 1,000 crore investment in five residential projects under development in South India from Brookfield’s Special Investment Fund (BSI). The investment is in the form of structured capital with base returns and an equity upside. Brookfield’s BSI Fund was setup to invest in large scale, non-control, equity & equity like investments with a sector agnostic strategy. This investment provides INDIS with additional liquidity to accelerate development of projects in a fundamentally strong residential market.
“This is the fourth transaction with INDIS and represents our philosophy of building strong relationships with known counter-parties BSI continues to scale up its business in India and is evaluating multiple opportunities across sectors including financial services, industrial & real estate” Dev Santani, Managing Director, Brookfield Asset Management.
About INDIS: A South India based developer with strong brand equity and execution track record. Their journey spans a decade, from the handover of its first tower in the year 2011 to a delivery track record of 5 million sq ft with 11 million sq ft currently under development. INDIS has more than 5,000 customers on board and has built its reputation of being a progressive, reliable, innovative and transparent Real Estate Company.
For more information visit https://indis.co.in
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Anurag Kumar /8686072400 / email@example.com