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Indian RE Fund open in Oman

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Cordea Nichani, an India-centric realty fund is also a JV among British Property Fund manager Cordea Savills and India’s Nichani Holdings. It has opened an Oman to strike into the Gulf market. In the 3rd fund meeting of the India-Oman Business Forum held in Muscat, India’s Ambassador Oman Anil Wadhwa said to www.propertykhazana.com that, “The fund has established to enter the Oman market and as well as to give investment chances to the big NRIs community here. Also, Omani businesses are extremely eager to invest in India’s infrastructure Segment.”
As per to the source saying at the www.propertykhazana.com there are about 500,000 emigrant Indians in Oman and the fund is mainly planned to invest on IT concentrated SEZ near Bengaluru and a few important realty ventures in South India. Cordea-Nichani is about to raise USD 30-40 Million from Omani Institutional investors and also a big business units and Govt. Pension Funds, as per to the report given by the Indian embassy in Oman. The JV anticipates safeguarding the incomes in the range of 25% on investments for about 6 year’s time. For more updates on real estate markets browse www.propertykhazana.com.
Source: NBTVLIVE

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