Assetz Property to float $ 250 million project fund - Feedback

Singapore-headquartered real estate developer Assetz Property is floating a $250-million fund to invest across mid-income residential projects in India.

The fund will be used to buy land parcels to develop 15 million sq ft of residential projects across Bengaluru apart from venturing into newer geographies like Pune, Chennai and Hyderabad. The new fund will invest in building properties between Rs 3,700 and Rs 5,500 per sq ft with the majority of money earmarked for Bengaluru.

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