KKR injects Rs.1,000-cr in realty sector

    KKR realty sector
    In an encouraging development in the realty sector, real estate focused investment unit of global private equity firm KKR & Co. has infused Rs.1,000 crore in three real estate projects, said sources, further elaborating that KKR India Asset Finance Pvt. Ltd invested about Rs.500 crore in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru, Rs.200 crore in Signature Global’s affordable housing project in Gurugram, and Rs.300 crore in three projects of Chennai-based Prince Foundations Ltd. Established in 2014, KKR India Asset Finance signed its first transaction in June 2014 when it invested about Rs.350 crore in Mumbai-based Wadhwa Group’s luxury homes project and since its launch, it has invested about $800 million in about 20 projects across the country, they claimed.
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