Netherlands-based investment major, ING Group is likely to enter the Indian real-estate market soon through a private equity fund, a company official said here today.

"The reason why ING is not present yet in this real estate market is because India is yet not part of the Global Property Index. However, our Asia office is looking at this market closely. Initially, ING will enter through private equity fund," its Investment Management India managing director and CEO Vineet K Vohra said.

The global real estate market value is pegged at US $ 35 trillion out of which investment grade is US $ 23.6 trillion. "The listed global real estate market capitalisation is US $ 2.2 trillion, while it is US $ 0.15 trillion in India," Vohra said.

Vohra, while announcing the Global Real Estate Fund here, said the Indian global real estate fund launched here would not invest in Indian securities directly.

The new fund from ING would act as a feeder fund for the larger ING Clarion Real Estate Securities, a part of US $ 145 billion ING Real Estate. It invests in commercial properties such as offices, shopping malls, healthcare facilities, hotels, apartments across 21 countries.

The scheme will primarily invest in ING Global Real Estate Securities Fund registered in the Cayman Island. The fund has large allocation for Asia-Pacific, followed by North America and Europe.


Source : PTI
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