Singapore’s sovereign wealth fund GIC Pte. Ltd and private equity firm Blackstone Group Lp have emerged as the two top global investors in India’s real estate sector after almost a decade of investing in the country. Canada’s Brookfield Asset Management Inc. is fast moving into the big league.
GIC and Blackstone, which have different investment strategies and return expectations, have bought some of the best projects across real estate assets classes—residential, office space, hotels and shopping malls—since 2006.
New York-based Blackstone has invested about $2.7 billion in real estate projects in India across 19 transactions and manages the largest portfolio of office parks in India. GIC has invested around $2 billion in building a diversified portfolio.
Read more: Live Mint
