Although, ADIA has already invested money in India’s international property market through a variety of real estate and private equity funds with a total holdings in India to be worth between $400 million and $500 million.

Sovereign fund is looking to hire a fund manager from a private equity firm to look for direct real estate opportunities in India.

Many developers in India are seeking funds to begin new projects and to reduce their debts, which currently is around 1.8 trillion rupees approx.

Although, being Asia’s third largest economy, residential property developers in India is facing a major funding gap as home prices stay low and the country’s banks go on playing it safe when it comes to lending to the real estate sector.

An India-centric private equity fund, Red Fort Capital has recently accepted a $50 million investment from ADIA and has already raised $80 million of its planned $500 million for its second India dedicated property fund. Property accounts for 5% to 10% of ADIA’S global portfolio, whilst North America and Europe account for 60% to 85% and the emerging markets 15%.

And while the credit crunch took its toll in Europe and North America in the second half of the year, pushing down global transaction value by 8 % from the second half of 2007, investment in Asia surged 22% in the last six months.

Data from Jones Lang LaSalle shows transaction volumes globally in the first five months of 2008 were 40% lower than in the same period last year, dragged down by weaker activity in Europe and the United States.

The closely held group, run by 4 billionaire brothers, is also scheduling big investments in real estate, automotives, power and infrastructure, mostly in India, Europe and West Asia.

Based in the UK, India and Switzerland, the Hinduja group does not divulge facts of its financial performance. However, total sales are expected at eleven billion dollar in fields ranging from oil to banking, real estate, media and entertainment, telecom and healthcare.

The prosperity of the two London-based brothers, Gopichand and Srichand, was estimated by the Sunday Times Rich List previous month at £6.2 billion, placing them the UK’s fourth-richest family.

Hinduja and ONGC are also planning to build a three lakh barrels-a-day oil refinery and a 7.5 tonnes-a-year liquid natural gas terminal in southern India.

The group has received clearances to build two thousand mega watt of generating capacity in Andhra Pradesh.In the coming decade, it plans to have a producing capacity of ten thousand mega watt at an investment of about ten billion dollar in the country.

India, china are offereing huge opportunities in real estate sector to attract the global market towards themselves as their main lender gone bankrupt, yes i am talking about US here which has been facing economic crisis and US downturn is already spilling over European countries. As a result of this sooner or later this downturn wil also spill over to Asia as well.

The prices are going high and when this down fall hits the Asia, it will spill the Asian economy as well. Its easy to say that the Asia have attractive opportunity but they have a sword as well which is being hanging on their necks for a uncertain time.

Mr. Amit Bagaria, Chairman, Asipac said, “In 18 months, we have helped developers raise Rs.6290 million in equity funding without a dedicated team”. Further he added, “Now, we are creating a Strategic Business Unit with a President and a team of 4 to begin with.” The company already has mandates in hand to raise Rs.5611 million of equity. He also said “The new business unit will begin with these deals and have a target of Rs.16 billion in 3 years”.

According to Asipac’s Chief People Officer James Arun, “we have already recruited a President and a VP for this unit, one with 22 years experience in fund-raising and investments in USA, Europe, South Africa, Hong Kong and India, and the other with 16 years financial planning and investment advisory experience in USA, including 6 years in real estate financing. The head of procurement has joined us with 10 years global experience in sourcing.”