In view of the burgeoning biz avenues in the country’s real estate sector, investment bank Goldman Sachs is planning to invest as much as $50 million (Rs.325 crore) in a real estate project of Ozone Group, a Bengaluru-based developer, said sources that they are evaluating both residential and commercial real estate assets of the developer and are likely to make an investment in at least one of Ozone‘s projects. An industry insider said that Goldman could invest up to $50 million in this transaction as Ozone has in the past raised significant sums of capital in the form of structured credit to fund its projects as well as to provide exits to earlier investors in its projects.
📅Published on:
15 July 2017
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