To cash in on the growth of organised retail in India, UK and South Africa-based real estate investment groups have launched retail property focused Triangle Real Estate Fund (TREF) for India. The $500 million fund will be routed through Mauritius and will be managed by Property Zone – a joint venture between Old Mutual Investment Group Property investment Ltd., South Africa and ICS Realty Private Limited, India.
Strutt & Parker Real Estate Financial Service Limited (SPREFS) has been appointed as UK and European placing agent. “Unlike most other real estate investors, the fund will dedicatedly concentrate on tier 2 and tier 3 cities in India.
Four projects in cities of Aurangabad, Jaipur, Indore and Nagpur have been selected for the first phase of investment. Surat is also being considered,” Nick Harvey Jones of SPREF told DNA Money.
“It is a high net worth investor fund which requires minimum investment of $5,00,000 form an individual and $5 million form institutional investors,” he added.
Two deals, consisting of 11 projects and having cumulative worth over $200 million, are in the pipeline.
One Comment
Dear Sir/Madam
Required a finance partner who can invest rs.3-9cr. urgently to buy and develop a royal heritage haveli to convert into a heritage hotel (to buy other 60% portion of royal heritage haveli and 40% portion of royal heritage haveli is already in possession) this haveli is at national highway no.8, in very prime location/market on 60ft. road, situated in developed industrial city near Ajmer-rajasthan.
PLEASE NOTE:-
This Royal Heritage Haveli is the most beautiful structure in the country and has splendid work of art of unimaginable beauty. (See some selected photos with details attached) WHERE SHALL I SEND PHOTO’S N DETAILS?
Already in process for nomination and to register in limca books of records.
TFCI-Tourism Finance Corporation of India:-
Have scheme to promote Heritage Hotels all over India and financing them to develop as a heritage hotel @10-11% (excluding subsidy by the state government of 6%- minimum rs.3cr to any limit can be financed)
But initially have to invest rs.3-9cr. To buy the remaining 60% portion first.
(Seller belongs to royal family and need money to develop their own running business)
This is a golden opportunity to buy this most beautiful well maintained Royal Heritage Haveli in very reasonable price and mint money by converting it into a heritage hotel.
Kunwar Siddharth.