KKR invested about Rs1,000 crore in three realty projects in April

The realty-focused investment unit of global private equity firm KKR & Co. LP invested about Rs1,000 crore in three real estate projects last month, two people aware of the investment said.

KKR India Asset Finance Pvt. Ltd invested about Rs500 crore in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru, Rs200 crore in Signature Global’s affordable housing project in Gurugram and Rs300 crore in three projects of Chennai-based Prince Foundations Ltd, the first person said.

Set up in 2014, KKR India Asset Finance signed its first transaction in June 2014 when it invested about Rs350 crore in Mumbai-based Wadhwa Group’s luxury homes project, The Address, in suburban Ghatkopar. Since its launch, it has invested about $800 million in some 20 projects across the country.


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