As India Realty Sector Defies Global Slowdown, A Big Player Makes A Move

Monday, 24 July 2023Newsdesk

The Reddy family's GAR Corporation is looking to raise as much as $200 million from family offices and sovereign wealth funds

New Delhi 24 July 2023

As per news report of NDTV, The billionaire family behind a property empire is opening up to outside investors for the first time as India's real estate sector proves a bright spot in a global slowdown. The Reddy family's GAR Corporation is looking to raise as much as $200 million from family offices and sovereign wealth funds by selling a minority stake in one of Hyderabad's biggest commercial developments, according to people with knowledge of the matter.

Source - NDTV