With globalization there is a boon in the real estate sector, we have an open and international market that drives FDI and increases the interconnectedness of financial systems.
Xander Investment Management, which is the real estate arm of Xander Group’s private equity recently announced that they will act as the investment advisor for the Indian real estate sector. They have a plan to set up a $250 million real estate venture in order to purchase high-quality assets over the course of the next 12 months. Xander group has raised capital from leading European institutional investors.
Xander Investment recently acquired two million sq. ft of industrial assets in Mumbai and Chennai for $80 million. Rohan Sikri, who is the senior partner of Xander Group and managing director of Xander Investment said,
“We have been investing opportunistically in the industrial/logistics sector since 2007. With the economy poised for retail, manufacturing and consumption growth, it is the opportune time for us to create a platform with like-minded investors that will execute a longer-term, targeted program,”
As the real estate sector in India has gone through various phases of growth with the recent developments in ‘Make in India’ and GST policy, this initiative by the Xander group will expand the retail and industrial sector in India.
Xander group in August acquired Weikfield IT Citi Info Park, for $130 million and 1.1 million sq. ft office park New Vernon Capital, Llc., this has made a dent in the Indian commercial office sector. In the longer run, foreign investment and global demand will regulate price movement across the markets in India. Developing further on the move, Sikri added,
“Our expansive advisory network in India enables us to leverage our local expertise and relationships to provide best in class solutions to global and domestic occupiers.”