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Xander Group invests $65m in India realty firm Supertech

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The Xander Group has invested INR4 billion ($65 million) in India realty firm Supertech to finance township and housing projects in Gurgaon in North India.

Supertech is to spend a total of INR11 billion developing plots, villas and independent homes in the 140-acre township. The private equity made its investment via its Singapore-based real estate investment arm and will take a stake in the project of around of 50%. The company expects to develop a total of 1,200 plots or low-rise independent homes and 200 villas in the township.

Supertech has projects worth more than INR180 billion in hand and has over 90 million square feet of space under construction. It has a presence in Noida, Greater Noida, Gurgaon, Ghaziabad, Meerut, Moradabad, Haridwar, Rudrapur and Bangalore

"We continue to see the National Capital Region as an important market for us in India, and the relationship with Supertech reinforces our investment appetite for end user focused residential projects with quality partners," said Rohan Sikri, partner at Xander Investment Management, Singapore, in a statement.

Headquartered in London, UK, Xander focuses on the infrastructure, hospitality, retail and real estate markets. Since 2005, the firm has committed over $2 billion of capital to the Indian market across private, public and credit investments.

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