India real estate funds look to raise $1 billion from overseas


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Jul 29, 2014
Indian real estate-focused private equity (PE) funds are hoping to raise around $1 billion from overseas investors, two people familiar with the matter said. Last year, realty funds managed to mop up close to $370 million from international markets, data from VCC Edge shows. Among the key realty funds that are in the market for money includes Red Fort Capital, ASK Group, HDFC Property Fund and JP Morgan, these people said.