• News by Month

  Select Month February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006

• News by City

  • Bangalore
  • Chennai
  • Delhi
  • Faridabad
  • Gurgaon
  • Hyderabad
  • Kolkata
  • Mumbai
  • Noida
  • Pune

• News by Category

  • NRI
  • FDI
  • Home Loans
  • Real Estate India
  • Banking and Finance
  • Real Estate Developers

« Builders to Pay High Interest Costs | Home | Istithmar to Invest in Indian Real Estate »

Ascendas, Arcapita Floats Real Estate Fund

Leading business space provider, Asccendas, has floated an India specific fund Ascendas India Development Trust (AIDT). The fund has been started in an association with Arcpaita of Bahrain and Dutch company ING Pvt. Banking with a capital base of Singapore $500 million.

The fund will make investments in real estate projects in India, including complimentary land for both commercial and residential use. Ascendas will exclusively integrate business space within these projects. The move is likely to give a fillip to the already flourishing real estate funds business.

Add to that, the company will also keep participating in residential, commercial, hospitality sector, Indian retail sector, recreation, and other supporting uses on its own or in alliance with other parties. However, the main focus will remain on developing integrated properties in India.

The fund envisages creating synergistic values from the complimentary land uses within the projects if put in comparison to the development of those uses separately.  The fund has been launched at the apt time when Indian real estate market is making rapid strides and expanding.  There is a strong demand for commercial property in India as the country is gradually developing into a global IT outsourcing powerhouse.

AIDT has identified several prospective investment proposals. The fund will invest in International Tech Parks in Pune and Nagpur.

News Published Under:   Real Estate India | No Comments »

Comments

Name (required)   

Mail (required)      

URL