Malaysia’s IQI to spend initial Rs.1 bn on Indian realty assets

Malaysia-headquartered IQI, a real estate agency and advisory firm, has launched operations in India with plans to invest Rs.1 bn to acquire grade A commercial and retail assets in the country. Besides facilitating real estate transactions, the company is looking to acquire fresh land to construct residential and commercial projects. Reportedly the firm has already identified assets which it will acquire. The investment will grow as it progresses, and the acquired property will be monetised at the right time. The company has also acquired WealthVisory Capital, a Delhi-based boutique consultancy firm, for an undisclosed amount. The company will only focus on property worth over Rs.100 mn in the residential segment.

Contact: IQI India.

Website: www.iqiindia.com