Zurich-headquartered Credit Suisse, a 150 year old company providing a gamut of financial services, is looking at investing in the Indian realty sector. US-based financial services giants Goldman Sachs and Morgan Stanley have managed a strong foothold in the real estate market in India. While Morgan Stanley Real Estate fund has struck a few large transactions in the space, Goldman Sachs is planning to make an investment of $1 bn. According to sources, Credit Suisse’s $1-bn investment in real estate will be brought in a phased manner by 2010 and will focus on commercial space. Sources said the fund will primarily pick equity in ongoing big-ticket projects or those looking for second round of funding to complete their partially operational projects.
The Economic Times New Delhi Edition January 23 2007