indian-property-company-to-list-in-london

Indian property company to list in London

Ishaan Real Estate, which will invest in development projects run by K Raheja Corp, seeks to raise $340 million.
Investors looking for exposure to the Indian real estate sector will have another choice this week through a property investment company that aims to list in London.

Ishaan Real Estate PLC, which starts its roadshow today, is essentially a listed fund with an initial portfolio of eight property assets that will be majority owned and developed by K Raheja Corp, one of IndiaÆs leading real estate developers. K Raheja Corp, which will also be a shareholder in the listing vehicle, is run by the Raheja family which has been active in the countryÆs real estate market for several decades. The hope is to raise about ú180 million $340 million.

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