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Private Equity | 22 January 2013

IIFL Realty Fund Invests In Assotech's Haryana Project

by Vivek Singh
IIFL Realty Fund Invests In Assotech's Haryana Project
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India Infoline group’s PE arm, IIFL Domestic Series 1 fund has invested R75 Cr (approx.$13.9 Mn) in a plotted development project in Faridabad, Haryana, as stated by Mint.

The investment is in a plotted project being developed by Assotech Ltd., wherein developers build the basic infrastructure on such land before breaking it into smaller saleable plots.

Mint also added that the fund is also about to close investment in two affordable housing projects in Bangalore.

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