Daily Real Estate News Digest (23rd Jan 2018)










IIFL arms to raise $500 million for maiden offshore affordable housing fund

IIFL will begin raising its 1st offshore affordable housing fund of up to $500 million in the next financial year. The fund has received a $25 million commitment from Fairfax Group of Canada. Fairfax owns a little over 35% in IIFL. 


GIC, Tishman to sell WaveRock in Hyderabad for Rs2,000 crore

GIC & Tishman are set to sell their Hyderabad based office property WaveRock for Rs.2,000cr. WaveRock is an equal joint venture between GIC & Tishman Speyer, spread over 2.5 million sq.ft. Real estate consultant JLL has been hired to find a buyer. 


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