GIC hires Kishore Gotety as head of India real estate

The Government of Singapore Investment Corporation (GIC) has hired Kishore Gotety, who was most recently at RREEF, as country head for India real estate.

GIC confirmed the appointment of Gotety as head of real estate for India but declined to comment further. However, the hire suggests GIC believes the opportunity is ripe to start investing in real estate in India.
 
Gotety was earlier with RREEF Alternative Investments, the global alternative investments business of Deutsche Bank’s asset management division. Real estate is one of RREEF’s core businesses. Gotety joined RREEF at the end of 2007 as head of Deutsche Asset Management’s real estate and infrastructure investment advisory services in India and was widely expected to spearhead the firm’s expansion there.