Temasek Holdings heightens India investment plans

Commercial Realty
Temasek Holdings, a Singapore government-owned company and one of the largest investors in India, is for the first time considering investment in Indian real estate sector as it considered the sector to be an asset class. Last year, private equity-owned real estate funds invested $5 billion in India, which is the highest since the 2008 financial crisis. Temasek International plan to invest in real estate space comes after sister concern GIC emerged as one of the largest investors for the asset class in the country in the last couple of years.

Last year the Singapore sovereign wealth fund manager formed a joint venture with DLF Home Developers to invest $300 million (Rs. 1,990cr) to develop projects in two land parcels acquired by DLF in Delhi. This followed a tie-up with global alternate assets giant KKR to set up a non-banking financial company to lend to real estate developers. This was consistent with GIC's strategy to form joint ventures to invest in residential projects in India.
Published on 16 July 2016
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