UK Based PE Firm Millennium Spire to Invest Rs 4500cr in Indian Real Estate

UK-based private equity firm Millennium Spire today said it will invest USD 1 billion (over Rs 4,500 crore) in various real estate projects in India over the next five years as it sees huge potential in the country.

“The growth in Indian real estate market is very robust. Although no big ticket private equity investment has been announced this year, 2010 is going to be a year full of events,” Millennium Spire India Management Managing Director Ashish Bhalla told reporters here.

The PE fund, which is currently developing about eight million sq ft of area in four projects, would focus on India and other emerging countries for its future growth, he added. “We have decided to invest USD 1 billion in Indian real estate in the next few years.

News Published Under:   Real Estate India |

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