Ascendas, which manages property trusts in Asia, said it will set up the $324 million Ascendas India Development Trust to invest in Indian real estate projects.
Singapore government's sovereign wealth fund Temasek is looking to invest $10 billion in India during the next three years, Ravi Lambah, Temasek's head of India and strategic initiatives, said.
GE Commercial Finance will invest $63 million in the Indian IT Parks Fund, sponsored by Ascendas Pte Ltd.
Singapore-based Ascendas is exploring the possibility of setting up an IT park in West Bengal, Alan Tan, Centre director and first secretary commercial of Singapore High Commission said.
Welcome to the era of too many investors chasing a limited number of commercial real estate deals.
The developers, including Raheja Ltd, Ascendas, L&T and GMR, among others, are in the Ministry of Commerce and Industry's Export Promotion Council for export oriented units and special economic zones.
The two countries have already formed a Steering Committee to carry forward the proposals, one of which relate to setting up a 2,500-acre multi-product SEZ in the south.
The government on Friday the proposals of telecom giants Motorola and Foxconn, and Singapore-based reality major Ascendas to join as partners in the Special Economic Zones coming up near Chennai.
As real estate investment trusts are yet to take shape in India, about a half a dozen realty firms have started the spadework for listing REIT-like vehicles on the Singapore Stock Exchange.
The BPO arm of Satyam Computer Services, Nipuna has set up a BPO facility at Chennai.
Would you pay that amount? A fan of film star Madhavan did.
It is raining private equity funds in the logistics and warehousing space.
It also expects to get its REIT listed on the Singapore stock exchange next year.
Indian property markets are not in the pink of health.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances