Canada's Brookfield Asset Management eyes $1 billion realty lending club

After building a sizeable commercial property portfolio, Canada's Brookfield Asset Management is looking to scale up its lending to real estate developers, said a source in the know.

Brookfield has lent $450 million (Rs 30.15 billion) to developers and is looking to do a business of $1billion (Rs 67 billion) in the next two-three years, said a source close to the investor.

"They see a huge potential in the segment after Real Estate Regulatory Authority (Rera), insolvency law and want to scale up the book quickly," said the source.

Late last year, Brookfield invested around Rs 8 billion in Bengaluru-based property developer from