Rates of houses, apartments to go up from April

The renowned 2i Capital Group held a presentation on the US$300 million "Indian Infrastructure Development Fund” yesterday at the Ritz Carlton Hotel.

The company operates from India, U.K., and Mauritius; in conjunction with Oman-based Amwal Investment SAOC. It also threw light on the ways investments will be made and its returns in future.

The fund's investments will be made in accordance to Islamic Shariah principles, making it the first Shariah compliant fund for investing in India. The fund is authorized and regulated by Securities and Exchange Board of India (SEBI).

Those investors who are not willing to invest according to Shariah principles will be given an option to invest through a parallel investment plan that will invest in projects and companies with the fund on a pro rata basis.

Speaking on the occasion, 2i Capital Group’s founder, Vivek Sekhar, said the Indian economy has been on a growth trajectory with 6-8% GDP growth for the last three years, led by exports as well as domestic consumption, which is supported by a favourable demography.

However, praising the growth in services such as IT, manufacturing and retail, he also expressed concern over infrastructure sector, which is lagging and sees it as an area to focus on.

The US $300 million fund aims to post net investor returns of 30% a year during a 7-year investment life, with first returns expected within 2 years. However; keeping company’s track record in mind, it’s likely that it may exceed the expected target.

Rates of houses, apartments to go up from April

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