Trikona, a New York-based real estate investment company is planning to invest an Rs.1, 500 crore in India.
The investment will be made in residential and commercial properties by-invitation-only with a minimum ticket size of Rs25 crore which will be launched in December.
This is going to be the largest rupee-denominated real estate fund to be raised so far.
A $1 billion (Rs3,940 crore) infrastructure fund will also be launched by Trikona.
A report on the real estate sector by consulting firm Ernst & Young revealed out that over $3 billion real estate funds is in the queue which is targeting real estate in India.
Blackstone, Morgan Stanley, GE Commercial, Citigroup Property, Berggruen Holding and Bluestone Quantum Management Pvt. Ltd also want investments in real estate in india.
