:::The Desi Flavor:::: NRI floats $250 million fund for India

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NRI floats $250 million fund for India

American entrepreneur Raj Vakharia has announced the launch of a private equity fund, which will invest $250 million worth of United States institutional capital into India's booming real estate market.

The former assistant state treasurer of New Jersey -- who has worked in senior positions on Wall Street and is presently the co-chairman of Uni-Mart, a former American stock exchange company and the nation's 30th largest store chain with sales in excess of $550 million annually -said the fund will aggressively capitalize on the rapid growth and opportunity in India's real estate market.

The fund will invest in a broad range of commercial and residential real estate, including hospitals, educational institutions, single-tenant properties, retail real estate, apartments and infrastructure. It will target its investment into high-growth markets throughout India like Mumbai, Bangalore, Chennai, Pune and Delhi.

Posted by Jay Gohil on Oct 01, 2005 in Business | Permalink

Comments

We would like to get in touch with Mr Raj Vakharia. We have some interesting film projects.

Posted by: Rajesh Latkar | Dec 25, 2005 at 03:50 AM

we can provide best return in shortest span in real estate service oriented for NRI . We take care with small money with full transpirancy.

Narain

Posted by: NP NARAIN | Dec 26, 2007 at 11:58 AM

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