Ravi Karandeekar's Pune Real Estate Market News Blog: Reuters Summit-Tishman Speyer JV eyes new India property fund

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Monday, June 25, 2007

Reuters Summit-Tishman Speyer JV eyes new India property fund | Reuters

SINGAPORE, June 25 (Reuters) - An India joint venture between private U.S. real estate firm Tishman Speyer and ICICI Bank (ICBK.BO: Quote, Profile, Research) could tap global investors to raise a new fund, a company executive said on Monday.

Brushing off fears that a property bubble is forming in India, the chief executive of TSI Ventures, Kok Huat Goh, told the Reuters Real Estate Summit in Singapore that his current $700 million pot was being spent fast...........Reuters Summit-Tishman Speyer JV eyes new India property fund | Reuters