Tag: AIG

AIG Global Aims Residential Development; Buys RMZ’s Stake

AIG Global, a New York-centered private equity giant, has purchased RMZ Corp’s 50% stakes in their Hyderabad mall project.  The private equity giant plans to turn the mall project to a residential project. AIG Global; after gaining Bangalore-centered real estate group RMZ Corp’s 50% stakes, has now plans to turn the stalled mall-cum-office project into […]

Foreign Investors May Avoid Real Estate

Foreign investors may shun the Indian real estate market as lower asset prices in the US and the potential to earn better returns skew the risk-reward equation against emerging markets such as India. Mr. S Sriniwasan, CEO, Kotak Real Estate Fund, said, “Real estate developers face a double whammy of slowdown in the overall growth […]