Marubeni Corporation makes cross-border investment in India
Japan-based Marubeni Corporation has made a strategic investment in Kolte-Patil Developers Limited, a real estate developer based in Pune, India. Under the transaction, Marubeni will invest in a residential project in Pimple Nilakh micro residential market in Pune.
The investment marks Marubeni’s second since 2020 into the Indian residential real estate sector and reinforces the longer-term confidence in the market held by global institutional investors.
“Foreign inflows into Indian real estate have reached $2.9 billion in the first nine months of 2022. This is a clear indication of the rising attractiveness of India as an investment destination. In the recent years we have seen a broader interest in the market across sectors like offices, residential, data centers, logistics and industrial,” said Lata Pillai, managing director and head of capital markets, India, JLL, which advised the transaction. “We are delighted to see Marubeni making a substantial inve