ICICI Venture was an early player to foray into real estate when IndiaÆs regulator SEBI announced guidelines for real estate venture capital in 2004. Kishore Gotety - who heads the real estate investments business for ICICI Ventures - explains why he remains bullish on India's real estate opportunity despite high valuations.
Why did ICICI Ventures enhance focus on this area
Of our earlier private equity fund of $250 million about 15% was invested in real estate. Encouraged by the experience ie the returns and by the opportunity the regulations provided we raised a dedicated real estate fund.
What is the size and who are the investors
We raised $550 million. A little less then 40%...
¬ Haymarket Media Limited. All rights reserved.