Indian Real Estate: Gulf Invasions

                                                                                         

Targeting activities with controlled risks in growing sectors like real estate, three Middle Eastern financial institutions, namely Khaleej Finance and Investment (KFI) from Bahrain, Kuwait Investment Company (KIC) and Kuwait Finance House (KFH)-Baytak are promoting a US $200-million Sharia compliant fund for investing in Indian.

In a joint statement, the three inform, there is a 3 to 5-years investment period for the Fund, which has been partially underwritten by Warba Investment Company, and is a fund designed to reach an internal rate of return (IRR) exceeding 25% at the end of a 5-year investment period.

Designed to help the bank go beyond the regional level, the fund constitutes a qualitative change KFI activities, Nabil Hadi, CEO – KFI confirms: “Indian Private Equity Fund will enable KFI to compete with major investment institutions worldwide.”

Commenting on the KFI, KIC, KFH partnership, Hadi says: “This partnership comes as part of the Bank’s strategic vision of building alliances and strong long term relationships with banks and investment institutions in the GCC countries.”

Indian real estate continues to attract investment from abroad, such as the above, not just for residential / commercial projects, but infrastructural ventures, as well. A nuclear family lifestyle that is fast catching on, a shop-till-you-drop attitude imparted by a strong growth Indian economy, has gone a long way to ensure the developing Indian real estate sector, a long sweet moolah raking love affair, for some time to come.

And again, it is a burgeoning economy that has necessitated the desperate need for infrastructural growth, a need that has US, European, now include Middle Eastern firms to the growing list, drooling at the mega bucks to be made in a developing Indian real estate market.

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Source: IndiaRealEstateblog

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