Dave Keating

The new fund will compete with several such funds in India currently being raised.

Of the nearly $31 billion expected to be invested from foreign firms in the next two years, the biggest share is expected to go to real estate.

Interest continues in logistics in the Benelux region with this latest fund focusing on the Netherlands.

Private equity firms continue to target the country’s aging demographic.

The firm has made its first investment in India, sinking $70m into a Bangalore- and Hyderabad-based residential developer.

Red Fort Capital Advisors expects to deploy its new fund completely in the next year, with 80 percent invested in land acquisition.

PERE looks back at the year just passed for the trends that mattered most. Today we look at trend number four - sovereign wealth funds have become major forces in global real estate investing.

Though still Communist, the country has seen free market reforms and now has two dedicated PERE funds.

As 2007 draws to a close, the end-of-year surveys reveal that despite gloomy predictions for the short-term future, investors in alternatives still view real estate as a safe bet for the medium-term.

The two are among several foreign investors to have bought a total 15 percent stake in an Indian SPV floated by construction group Shapoorji Pallonji.