Blackstone, Brookfield, CPPIB to acquire stakes in four India residential projects

Kotak Realty Fund is in talks with Blackstone and two Canadian entities, according to media outlets.

The Canadian entities are Brookfield Asset Management Inc. and the Canadian Pension Plan Investment Board (CPPIB).

Kotak Realty Fund, a part of Kotak Investment Advisors Ltd (KIAL), has four separate special purpose vehicles that hold stakes in residential projects in Chennai and Gurugram that were acquired by its vintage funds in 2007.