India is fast becoming safe investment option for institutional investors looking for putting their money in India’s rental space.
According to media reports, there is high probability that private equity organisation Kotak Realty Fund might be looking forward to buying a 700,000 sq ft IT park in Noida from ‘The 3C Company’ for a consideration of around Rs 250 crore.
If and when this happens, the deal can go a long way in adding to an already growing list of institutional investors picking up rental assets in the country. An elegant example of how amazing a real estate can be, the building, called Green Boulevard, is located in the sprawling space of Sector 62 of Noida and is home to tenants such as Accenture, Nokia Siemens and Sapient. [Read more...]