Goldman Sachs Plans $2-3 Billion Investment in Indian Real Estate
New York-based Goldman Sachs is looking to expand its presence in India, China and South Korea as part of its alternative investment plans for Asia. Goldman Sachs plans to invest $2 billion to $3 billion in India’s real estate over the next three years. The move is part of the global investment b
Published -
Dec 6, 2021 8:20 PM
New York-based Goldman Sachs is looking to expand its presence in India, China and South Korea as part of its alternative investment plans for Asia. Goldman Sachs plans to invest $2 billion to $3 billion in India’s real estate over the next three years. The move is part of the global investment bank’s plan to put in $30 billion in alternative investments in Asia over the next five years. Goldman Sachs is looking to come back to India’s property market amid a revival in residential real estate after going slow on this sector in the past decade following the global financial crisis. Goldman has about $2.5 billion of real estate investment in China. Goldman is in talks with two developers in Bengaluru for platform deals and a similar one with a Mumbai developer for commercial and residential property. Though it is looking to buy real estate loan books, not many books are available for sale, the sources said. The US investment bank is also considering investing in data centres in the country. Goldman invested in Mumbai-based student housing operator Good Host Spaces, in which Warburg Pincus picked up a 24.48 percent stake early this year. In 2015, Goldman invested Rs 978 crore in Piramal Realty, the real estate company of the Ajay Piramal Group. It put in Rs 441 crore in SAMHI Hotels in 2016.
Tags : News/Views residential Developers Investment data centres Indian real estate commercial Deals Goldman Sachs Good Host Spaces