India property opportunity attracts Starwood Capital

Starwood Capital hires India veteran to mark its entry into one of Asia's hottest property opportunities.

Starwood Capital has announced the appointment of Balaji Rao to mark its entry into IndiaÆs property market. Rao will report to Barry Sternlicht, StarwoodÆs Chairman and CEO. Rao joins from TCG Urban Infrastructure Holdings, the real estate division of the Chatterjee Group where he held the position of Managing Director.

Sternlicht comments ôWe have been targeting India as an important investment market for our firm. It was important for us to find a veteran investor to oversee our efforts...

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