Singapore's Ascendas India Trust
Ascendas will initially invest Rs 260 crore via listed non-convertible debentures and the remainder by taking a stake in a Paranjape unit developing a commercial project in Pune close to the financial capital of Mumbai.
Overseas investors are betting on a revival in India's commercial real estate space after the Narendra Modi-led government paved the way for listing Real Estate Investment Trusts earlier this year to help cash-strapped developers.
Foreign investors, including Blackstone Group
($1 = 63.3000 rupees)