Confident of the long-term prospects:Through IL&FS India Realty Fund – II (IIRF2), IL&FS Investment Managers (IIML) proposes to invest in the entire gamut of real estate space, across Tier I and Tier II cities.
“The current market situation and capital scarcity provide valuable opportunities. As investors, we continue to look at investments with cautious optimism since we believe in the underlying strength of the Indian real estate market and remain confident of the long-term prospects of this sector,” said Archana Hingorani – CEO and Executive Director of IIML.
Providing growth capital:IIML is planning investments of $25-$75 million by providing growth capital to mid-market real estate developers in India. “We have partnered with some of the most reputed real estate developers as well as nurtured some of the more upcoming developers and we expect these relationships to further deepen through Fund II,” Hingorani said.
Single largest fund:IL&FS Investment Managers has raised $895 million from IL&FS India Realty Fund – II (IIRF2), exceeding its target of $ 750 million, and making it one of the single largest funds dedicated to the Indian real estate sector. To read more, please, visit - -The Economic Times
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