Jun 16 2007
DLF Venture Capital Fund
DLF Venture Capital Fund, promoted by Dewan Housing, has roped in banks, financial institutions, high net worth individuals and corporate as potential investors. The fund has focused on developing properties rather than invest in real estate. It has put more emphasis on secondary locations to add value.
HDFC Real Estate India Fund (HI-REF), the first scheme HDFC Property Fund, will invest in three broad categories of companies-projects: those in the planning stage, those in the development stage and those, which are complete. However HDFC is not keen on investing in shopping malls because it expects some shake-out in that space in the coming months.
On the contrary, Kshitij Venture Capital Fund, a group venture of Pantaloon Retail India Ltd. one of the well known real estate India company, will be deploying funds exclusively in developing malls in tier II and III cities, primarily in western and southern India. The company is also launching a mall management service that will manage the upcoming plethora of malls as well as offer mall management services to other mall owners.
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