Asian Sovereign Wealth Fund Invests in Gurgaon Residential Development
Singapore’s GIC Private Limited, through a sovereign wealth enterprise (SWE), created a joint venture with Indian property developer Vatika Group. The joint venture will develop two high-quality residential projects on Dwarka Expressway in Gurgaon. Gurgaon is near the Indian capital of New Delhi, in the state of Haryana.
The residential projects are expected to be completed by the financial year of 2018-2019. Vatika Group will be the developer on the project. The projects are near other Vatika developments such as Vatika Express City and Vatika India Next.
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