News Digest

18 December 2017
KKR committed more than $500 million to real estat

KKR India Asset Finance Pvt. Ltd committed more than $500 million to residential projects in India in 2017, the highest in any year for the local real estate investment unit of the global private equity firm. With this, it has invested about $1 billion in real estate projects in the country so far and plans to scale up investments even more next year. Major deals it has inked this year include a Rs450 crore investment in Lodha Group and Rs315 crore in Runwal Group in Mumbai, Rs500 crore in Bhartiya City Developers Pvt. Ltd's Bengaluru township project, Rs200 crore in Signature Global's affordable housing project in Gurugram and Rs300 crore across three projects of Chennai-based Prince Foundations Ltd. Lending to affordable housing projects and construction finance have been the two focus areas of KKR India Asset Finance in 2017. “This year, we have focused on affordable housing projects (in addition to other segments), which is in sync with our long-term, sustainable investment strategy and the overall demand for capital in this space. We have also started focusing more on offering construction finance which enables us to service various capital needs of the sector,” said Sanjay Nayar, CEO, KKR India.

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