Goldman Sachs the American financial giant which has set aside the highest corpus amongst institutional investors of $1 Billion for Indian Real Estate investments is in talks with Ashok Pirmal promoted Peninsula Realty Fund.Peninsula Realty Fund - PRF is floating a Rs 1,500 crores [$300 M] special purpose vehicle to invest in FDI compliant real estate and infrastructure projects. PRF is also likely to have another scheme where the company is likely to accept investment from Indian investors.
Goldman Sachs is extremely bullish on the Indian real estate sector and may soon start signing the deals. Obviously, Goldman wants the easiest route to make money. Why aren't they investing in startup manufacturing units ?
Tags: India Real Estate, Goldman Sachs, Peninsula Real Estate, Realty+India
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