Two government-linked funds in talks to invest $100 mln Indian SEZ:

Jan 13 (Reuters) - Singapore property funds Ascendas Real Estate Investment Trust and Mapletree Investments Pte Ltd are in talks to invest a total of about $100 million in a special economic zone near the Indian city of Pune, three sources with direct knowledge of the matter said. The funds are negotiating with Indiareit Fund Advisors, a property fund managed by Indian billionaire Ajay Piramal, and real estate developer Paranjape Schemes to buy a majority stake in the Blue Ridge SEZ, the sources said.

Full article: http://singaporenewsalternative.blogspot.com/2012/01/two-...

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