IIHM Plans to Invest $400 Million in RE

April 13, 2007	(Be the first to rate this story!)  Loading ...
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Infinite India Investment Management (IIIM), a leading real estate private equity investment firm, is drawing plans to invest $400 million in the real estate sector in 2-3 years. The company has decided to focus on residential, commercial, retail and hospitality sectors.

IIHM has already pumped in $60 million in five real estate projects. More investments will be done at different phases in these projects. And the new developments are taking place at a fast pace.

The details of the five projects have not yet been revealed by the company. However, all the selected projects will have multi sector focus. Of all, there is a project to come up near Powai Lake in suburban Mumbai. The project will spread over a large area of 1.12 million sq ft.

Another project identified is a Mumbai-based real estate and infrastructure construction company MAN Infraconstruction.

IIHM holds a minority stake in a Bangalore based Construction Company and a 1.8 million sq ft IT park, RR Infopark, in Chennai. The IT project is likely to be over by 2007 itself.

The company has an operational asset in the country’s garden city, Bangalore and the second asset is on its course to launch soon in the Capital. There are another seven real estate projects aiming at the development of hi-tech apartments. All projects are likely to be put on the development track in the next 2 years.

News Published Under:   Real Estate India |

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