Search
 

Apollo/India Fund Attracts $630M

MUMBAI, INDIA-The fund is a joint venture of Apollo Real Estate Advisors and Sun Group, an India-based business and investment group owned by the Khemka family.

By Brian K. Miller | Updated on January 24, 2007

(For more retail coverage, click GlobeSt.com/RETAIL and to read more on the multifamily market, click here.)

MUMBAI, INDIA-SUN-Apollo Ventures Limited recently held the final closing for SUN-Apollo India Real Estate Fund LLC, its latest fund, which will pursue real estate development and investment opportunities in India. The fund attracted $630 million of equity from institutional investors based in the US, Europe and Middle East, as well as multilateral agencies and high-net-worth individuals.

SUN-Apollo Ventures Limited is a joint venture of Apollo Real Estate Advisors and Sun Group, an India-based business and investment group owned by the Khemka family. They formed the fund to take advantage of the dramatic growth in India’s economy, which is said to be generating supply-busting demand for all forms of real estate, from offices and shopping centers to residential developments and hotels.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.