The realty sector is in urgent need of investment to recover from the recent slowdown. In this scenario, the probable investment options from Singapore could very well be significant. Here are the details: In collaboration with AscendasPte, the Singapore based Sovereign wealth Fund GIC Pte is planning to invest a massive S$100 million dollars in the nation.
With GIC being the principal investor, the move is certain to bring about major changes in commercial sectors in cities like Bangalore, Mumbai, Delhi NCR, Pune and Chennai. The outcome driven by the combined expertise of both these veterans could revive the situation to a great extent, experts conveyed hope.
Both GIC and Ascendas are world famous with presence in USA, England, Jakkarta, Australia, South Korea, China etc.
Besides, GIC is not a new name for India. The company has already invested in Mumbai, since 2011.
The Indian realty sector had to endure tough times amidst the weakening economy, increase in construction costs, inflation rates, less demand for new construction and improper management. Yet, there is significant improvement which if continued could result in massive changes in the Indian economy.
Therefore, this is surely a welcome-move and has to be utilized well. Already major investments are happening in India by organizations such as Xander Group, Balckstone Group LP etc, and now GIC and Ascendas are new additions to the list.
With GIC being the principal investor, the move is certain to bring about major changes in commercial sectors in cities like Bangalore, Mumbai, Delhi NCR, Pune and Chennai. The outcome driven by the combined expertise of both these veterans could revive the situation to a great extent, experts conveyed hope.
Both GIC and Ascendas are world famous with presence in USA, England, Jakkarta, Australia, South Korea, China etc.
Besides, GIC is not a new name for India. The company has already invested in Mumbai, since 2011.
The Indian realty sector had to endure tough times amidst the weakening economy, increase in construction costs, inflation rates, less demand for new construction and improper management. Yet, there is significant improvement which if continued could result in massive changes in the Indian economy.
Therefore, this is surely a welcome-move and has to be utilized well. Already major investments are happening in India by organizations such as Xander Group, Balckstone Group LP etc, and now GIC and Ascendas are new additions to the list.
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