+
Madison to invest in Indian residential projects
Real Estate

Madison to invest in Indian residential projects

To invest in residential projects Madison India Real Estate Fund is planning to raise $100 million from overseas investors. The fund is expected to get closed in a couple of months. Madison India Real Estate Fund is a Mauritius-based investment company focused on making investments in the emerging real estate market in India.

The investors in the company are institutions and high net worth individuals from the UK, the US and Australia. This is the second fund by Paracor Capital advised – Madison India, earlier it raised $50 mn in 2007. The first fund was focused toward investment in hotels & hospitality space, commercial township, while this fund will focus on residential projects only. The fund will invest around $15 mn in six residential projects.

Madison India’s first fund had been fully deployed with six deals - four in the residential sector and two in hospitality. In its last transaction, the fund invested $6 mn in a plotted development in Bangalore by Shriram Land Development India.

This week, Madison India sold its stake in Daman Hospitality to Delta Corp., an existing stakeholder. This April, Paracor Capital invested $20 mn in two residential projects of Chennai-based real estate developer Hallmark Infrastructure.

To invest in residential projects Madison India Real Estate Fund is planning to raise $100 million from overseas investors. The fund is expected to get closed in a couple of months. Madison India Real Estate Fund is a Mauritius-based investment company focused on making investments in the emerging real estate market in India. The investors in the company are institutions and high net worth individuals from the UK, the US and Australia. This is the second fund by Paracor Capital advised – Madison India, earlier it raised $50 mn in 2007. The first fund was focused toward investment in hotels & hospitality space, commercial township, while this fund will focus on residential projects only. The fund will invest around $15 mn in six residential projects. Madison India’s first fund had been fully deployed with six deals - four in the residential sector and two in hospitality. In its last transaction, the fund invested $6 mn in a plotted development in Bangalore by Shriram Land Development India. This week, Madison India sold its stake in Daman Hospitality to Delta Corp., an existing stakeholder. This April, Paracor Capital invested $20 mn in two residential projects of Chennai-based real estate developer Hallmark Infrastructure.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Suzuki Targets 4 mn Units in India by FY30, Builds Global Hub

Suzuki Motor Corporation plans to raise annual production capacity in India to approximately 4 mn units from fiscal 2030, strengthening the country’s role as a manufacturing and export hub for its global operations. The Japanese car maker announced the target as part of its Technology Strategy 2026, which outlines its development and manufacturing priorities for the coming decade. The company also aims to improve development efficiency by 30 per cent from the FY20 level and manufacturing efficiency by 50 per cent by FY30. It plans to halve the lead time required to develop new vehicles by im..

Next Story
Infrastructure Transport

Ayodhya Airport to Add Flights to Delhi, Bengaluru and Mumbai

Ayodhya airport will get additional direct air services to Delhi and Bengaluru from October 1, followed by a daily non-stop connection to Mumbai from October 30. The existing IndiGo service to Hyderabad is also being prepared for conversion into a daily operation, widening travel options from the temple city. Passengers travelling to Delhi will have two direct options at different times of day from October 1. Akasa Air flight QP 1608 will depart Ayodhya at 12:50 pm and arrive in Delhi at 2:20 pm, while Air India Express flight IX 1274 will leave at 2:10 pm and reach the capital at 3:45 pm. Ind..

Next Story
Infrastructure Urban

Cement Prices Rise Again in Himachal Pradesh

Cement prices in Himachal Pradesh have increased for the second time this month, raising construction expenses for households, contractors and other consumers. Cement companies raised rates by Rs. 5 per bag on Friday, 10 days after a similar increase was implemented on September 15. The two revisions have lifted prices by a total of Rs. 10 per bag within 10 days. Dealers Pawan, Rohit, Manoj and Rakesh said the latest rates were being applied across the market, adding to the financial pressure on people building or renovating homes. ACC Suraksha cement is now priced at Rs. 425 per bag, compared..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code