Istithmar to Invest in Indian Real Estate

June 14, 2007	(Be the first to rate this story!)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Istithmar, the private equity arm of the Dubai government, is bullish on making investments to expand its horizons in the hospitality sector and other infrastructure projects in India. The company sees these options as excellent prospects for liberalization and investments bets.

The company is also playing a major role as a prospective investor in Indian low cost carrier SpiceJet and group company Dubai ports runs a number of cargo terminals in the south and west.

Another group company, Nakheel, has recently made headlines by signing a joint venture with the India’s leading real estate developer DLF.  The deal is regarding the development of two Mega Townships in India involving an investment of a whopping $10 billion.

India is gradually emerging as a buoyant real estate market which is largely attracting attention of long term investors, says vice chairman Khaled Al Kamda. With the government looking forward to liberalize and more investments in infrastructure projects, these investors are confident about the growth of the segments like aviation.

Istithmar enjoys a status of being a pioneering real estate firm in UAE. The firm is largely interested in development of airports and five star hotels in India, but not retail sector.

The company holds a global real estate portfolio estimated at $7-$8 billion. Also, it was in holding high talks to buy Asian property assets worth at least $250 million and expects to enlarge its portfolio by this year’s end.

News Published Under:   Real Estate India |

Comments