15/03/17
Ivanhoé Cambridge is planning to invest $250m (€237m) in India’s residential market.The real estate subsidiary of Caisse de dépôt et placement du Québec (CDPQ) has entered a joint venture with Indian developer Piramal Enterprises.
The joint venture will target five major metro cities in India and Piramal will co-invest between 25% and 50% in each transaction.
The Mumbai Metropolitan Region, Delhi, Bangalore, Pune and Chennai will be targeted, with capital made available to residential developers.
https://realestate.ipe.com/news/investment-vehicles/-ivanho-cambridge-backs-indian-residential-developer-with-250m/10017683.article
