Sun Group Plans To Invest Across The Indian Real Estate Sector Soon

Sun group, a Real Estate fund has planned to invest in all sectors of the Indian real estate market including industrial and commercial space along with the residential sector.

Uday Khemka, vice chairman, SUN Group said that India is still the most exciting market for the investors and till now we have made project level investments but now we are looking and to crack platform for a long-term investment in India.

The group is a premier principal investor and private equity fund manager in India and several other emerging and transforming markets. The SUN group recently entered into Indian real estate business by launching their debut residential project in India to develop luxury homes.

The Vice chairman of the group said that we have brought nearly $6.5 billion into India so far and owns real estate valued at more than $1bn in India and own 100 million sq.ft. real estate across asset classes.

The company in partnership with a real estate developer Vista Spaces formed a residential platform for housing and commercial real estate properties in India. This venture marked the debut of SUN group in the Indian real estate market.

Both, the SUN group and Vista Spaces own equal stake in the SUN Vista platform with an option to have another investor on board. This firm plans to invest nearly Rs. 700 crores via multiple tranches across the residential and commercial assets in southern India over the next five years.

According to the real estate experts, inflow from institutional investors in the Indian real estate sector is at a peak with Rs. 11,212 crores in the third quarter of the current financial year as the highest third-quarter performance in 11 years.