Azure Capital launches $94m property fund
India's Azure Capital is raising an INR5 billion ($94.10 million) real estate private equity fund that will target commercial properties across the top seven cities in the country. The new vehicle - India Realty Fund II (IRF2) – will be raised completely from domestic investors.
The rental yield fund will primarily focus on investment-grade commercial properties that are pre-leased and built-to-suit in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune and Ahmedabad. The average...
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