why-indian-real-estate-is-tip-of-the-iceberg-opportunity

Why Indian real estate is "tip of the iceberg" opportunity

ICICI Venture fund manager, Kishore Gotety managing a $550 million Indian real estate-focused fund discusses the big opportunities he sees in the sector.

Sameera Anand

August 23, 2006

ICICI Venture was an early player to foray into real estate when IndiaÆs regulator SEBI announced guidelines for real estate venture capital in 2004. Kishore Gotety - who heads the real estate investments business for ICICI Ventures - explains why he remains bullish on India's real estate opportunity despite high valuations.

Why did ICICI Ventures enhance focus on this area
Of our earlier private equity fund of $250 million about 15% was invested in real estate. Encouraged by the experience ie the returns and by the opportunity the regulations provided we raised a dedicated real estate fund.

What is the size and who are the investors
We raised $550 million. A little less then 40%...

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