Israeli firm to raise $700 mn for Indian realty
Eager to cash in on the Indian real estate boom, Israeli firm Clal Insurance Enterprises Holdings and other companies are raising a $700 million fund for invesments in India, a media report said.
Clal Insurance, which has invested $15 million in the international fund, has been seeking international investments for its reserves given the lack of worthwhile investments in Israel, the report said. It recently invested $20 million in AIG Inc's $500 million real estate fund, which mostly invests in seafront residential properties.
Source: http://www.business-standard.com/common/storypage_c.php?leftnm=11&bKeyFlag=IN&autono=5063
Clal Insurance, which has invested $15 million in the international fund, has been seeking international investments for its reserves given the lack of worthwhile investments in Israel, the report said. It recently invested $20 million in AIG Inc's $500 million real estate fund, which mostly invests in seafront residential properties.
Source: http://www.business-standard.com/common/storypage_c.php?leftnm=11&bKeyFlag=IN&autono=5063
posted by Real Estate India at
3:29 AM
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