Taurus plans $500 million India-focused realty fund
Boston-based real estate investment advisor Taurus Investment Holdings plans to raise around $500 million (about Rs 3,250 crore) for a commercial and retail fund that will invest mainly in tier-I and II cities in southern India. The firm is also in the process of launching a $100 million resident
Published -
Jul 13, 2019 6:54 AM
Boston-based real estate investment advisor Taurus Investment Holdings plans to raise around $500 million (about Rs 3,250 crore) for a commercial and retail fund that will invest mainly in tier-I and II cities in southern India. The firm is also in the process of launching a $100 million residential platform to invest in the mid-income and co-living segments in the country. “We see India contributing one-third of our global portfolio over the next five years. India will be the fundamental core market for Taurus in the coming years,” Ajay Prasad, MD at Taurus Investment Holdings India, told media. “Around 70% of the raised money will be invested in commercial while 30% will be for retail development in tier-II and III cities.” Taurus is currently on the road to raise the commercial fund that will invest at the project and portfolio level in the growing commercial, office and retail market in India. “We have spoken to Embassy Group to jointly have a commercial platform of 5-10 mn sq ft over the next five years,” Prasad said.
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