Qatar fund in talks to invest $200 million in Indian property – source

by Paul Joseph on December 25, 2013 · 0 comments

(Reuters) – Qatar Investment Authority (QIA), the sovereign wealth fund of the gas-rich Gulf emirate, is in talks to invest $200 million in residential property in India, a source with direct knowledge of the matter told Reuters. QIA is holding “conversations” with Kotak Realty Fund, run by Kotak Mahindra Bank (KTKM.NS), which would manage the investments on behalf of the fund, said the source, who asked not to be named because the deal has not been finalised. Kotak would also make a small investment and plans to focus on residential property developments in major cities across Asia’s third-largest economy for QIA, the source said. Kotak declined to comment. QIA did

[via Real Estate News from India and Discussion Forums]

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