Australia's Macquarie to invest in India's realty project

Q: Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia's Macquarie Group Ltd, is set to deposit in genuine real estate projects in India.

Supratim,

28th October 2015

Real estate News in Mumbai

tata housing

luxury residential project

macquarie

macquarie infrastructure and real assets

mira

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Macquarie joins many of other global investors who are looking to fund real estate projects in the country. Through this manifesto, Tata Housing will add level to its growing luxury residential business, after focusing on low-cost and mid-income housing for the last few years.

Tarun Shah, Ahmedabad

30th October 2015

Comment

Earlier in May 2015, Tata Housing got an investment commitment of $25 million from IFC for its affordable housing subsidiary, Tata Value Homes.

The deal was happened at a time when home sales are down, and cash flows are weak, real estate developers are relying heavily on external sources of capital to drive business and improve growth.

Tamal, Delhi-NCR

29th October 2015

Comment

I think this is the right time for Macquarie to start investing because there is a lot of demand for capital, particularly equity, and valuations are reasonable after a long slowdown spell. MIRA is a large infrastructure asset manager globally and also has portfolios in real estate, agriculture and power across countries.

Ramesk Polekar, Mumbai

28th October 2015

Comment

Yes, i heard a lot about this company. They have portfolios in real estate, agriculture and power across countries. Its growing real estate portfolio includes 290 retail, commercial, residential and industrial properties in China, Mexico and Australia.

Balmiki Halder, Guwahati

28th October 2015

In 2013, Macquarie invested in India through 2-infrastructure funds 1) Macquarie-SBI Infrastructure Fund (MSIF) and SBI-Macquarie Infrastructure Trust (SMIT). It is a joint ventures between State Bank of India, Macquarie and International Finance Corp. (IFC), an arm of the World Bank.

Apart from that, Macquarie has also done transactions through its investment vehicle MAIF Investments India.

Ramesk Polekar, Mumbai

28th October 2015

Tata Housing is also speaking to a couple of other investors, and one of the three will be finalized shortly. Macquarie and Tata Housing have been in talks for an investment partnership for the last couple of months, and an expression of interest has been signed.

Rituraj,

28th October 2015

It is really a good news for India's realty market. Macquarie Infrastructure and Real Assets (MIRA), an arm of Australia's Macquarie Group Ltd, which manages over $100 billion of assets across funds globally.

MIRA has appointed R.K. Narayan as managing director of its Indian arm, Macquarie Infrastructure and Real Assets (India) Pvt. Ltd. to head real estate investments in India.

Manilal Patel, Mumbai

28th October 2015

Comment

Right Manilal,
And MIRA is in talks with Mumbai-based real estate firm Tata Housing Development Co. Ltd. to jointly set up an investment platform to invest in luxury residential projects. If the transaction goes through, the partners are expected to push in at least $200 million of equity capital into it, though the shareholding may differ.

Balmiki Halder, Guwahati

28th October 2015