Real Estate Major AIG Plans Entry into India

January 15, 2008	(1 votes, average: 2 out of 5)  Loading ...
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One of the largest real estate developers of the world AIG group is planning its entry into the Indian Real Estate Market. AIG Investments is setting up a portfolio management service (PMS) through which it will invest in the Indian real estate market.

AIG possesses core expertise in the real estate sector, since the last 14 months a small team is already investing in Indian real estate market and now they are all set to wrap it up into a fund and invest through PMS route.

The Company has also filed an offer document with the regulator for an offshore fund that would invest in precious metal mining firms.

According to Mr. Saurabh Sonthalia, chief executive officer of AIG Global Asset Management Company (India) Pvt Ltd the fund would mostly invest in gold mining companies across the world.

Currently AIG Investments in India is managing assets of around Rs 3500 crore and it expects to mop another Rs 1500-2000 crore through this new fund offering.

News Published Under:   Real Estate Developers |

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