Canada’s Brookfield Asset Management Inc. is gearing up to significantly increase its real estate investments in India, on the back of a well-performing office market, a residential sector that promises to turn around soon and huge demand for capital from developers, two people familiar with the company’s plans said. As part of the plans, Brookfield will invest in residential projects in top cities from its new $9 billion global real estate fund. These will be transactions in the range of Rs.600-700 crore through the equity or preferred equity route. It is already exploring deal opportunities and is in active talks with developers.
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