Realty fund
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Realty Fund
Overview
The Foreign Investment Promotion Board (FIPB) of India has approved a Rs 550 crore India Real Estate Fund. This fund, initiated by Kotak India Real Estate, aims to attract international investments for real estate projects across the country.
Investment Details
The fund will be raised in the global market and directed towards large-scale projects covering a minimum area of 25 acres. Despite recent declines in the domestic equity market, international investors remain keen on India's booming real estate sector.
Benefits for Investors
The real estate fund presents a lucrative opportunity for foreign investors, offering potential returns exceeding 20% per annum. Such high returns are particularly attractive to international stakeholders seeking profitable ventures.
Additional Approvals
In addition to the Kotak fund, the FIPB has sanctioned a Rs 22 crore foreign direct investment by Malaysia's IJM Corporation. This investment is targeted at developing a township in Hyderabad, with IJM acquiring a stake in a local company focused on township projects.
Market Outlook
Several other international investments are poised to enter the Indian market. However, a senior industry leader highlighted the challenge of finding credible projects to invest in, rather than raising funds from international markets.
For more insights, visit [India Real Estate Blog](http://www.indiarealestateblog.com).
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