Singapore’s GIC all set to invest in Vatika Realty Projects

Singapore's GIC all set to invest in Vatika Realty ProjectsThe fresh investments such as the one driven by GIC is likely to create more opportunities in the real estate sector

As a result of India becoming an attractive destination for real estate investments, Singapore’s sovereign wealth fund GIC is moving forward with Gurgaon-based realty developer Vatika Group to form an exclusive alliance and invest in residential and commercial properties in north India.

As part of its strategy to invest in India, GIC is looking to put in around $150 million in this platform in addition to its recent investments in two residential projects of Vatika Group in Gurgaon, as per the media reports. [Read more…]