Date:09/02/2006 URL: http://www.thehindubusinessline.com/2006/02/09/stories/2006020903280600.htm

Back LIC HFL commits Rs 50 cr to Kotak realty fund

Our Bureau

KOLKATA, Feb. 8

LIC HF has committed Rs 50 crore to Kotak Mahindra's real estate fund. This will be released in tranches depending on circumstances.

"Internationally, returns from real estate investments have been high. We hope to benefit here as well," Mr Mitter said.

Kotak India Real Estate Fund has closed its domestic tranche raising $100 million.