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New Gurgaon sees rise in PE investors

Technology
January 1, 2015January 1, 2015
New Gurgaon sees rise in PE investors
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Over the past 15 months, New Gurgaon, which is an area between Manesar and old Gurgaon, has seen investments in real estate projects by several private equity funds. Singapore sovereign wealth fund GIC recently put in Rs 150 crore in a joint venture with realty firm Vatika group to develop two projects in this area of Gurgaon. Earlier, Piramal-owned Indiareit had invested about Rs 100 crore Ashiana Homes and Landcraft. India Infoline had invested around Rs 100 crore in a project by Assotech Ltd.

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