TCG Real Estate: Second fund Raise Rs. 1,560 crore

Bani Banerjee

The TCG Real Estate is firming plans to raise a second fund of at least $ 30 Crore (nearly Rs. 1,560 crore) as it enters the final leg of investments from its first fund.

 Ms. Bani Banerjee, ED, TCG Real Estate said, “While we are planning both a domestic and an International fund, we are more keenly looking at an overseas one”

The Company recently invested Rs. 200 crore in 2 residential projects in Mumbai from its $ 300 million India Property Fund, which began deploying capital in 2007.

The fund is jointly managed by TCG and US-based commercial real estate Company Vornado Realty Trust.


About TCG Real Estate..!
TCG is the holding company of all investments made by The Chatterjee Group, promoted by NRI (Non-Resident Indian) investor Mr. Purnendu Chatterjee.

TCG Developments India (Pvt) Ltd.
Building Alpha, Ground Floor,
Bengal Intelligent Park
Plot: A2, M2 & N2, Block EP & GP, Sector V
Salt Lake, Kolkata 700 091.
 Fax: 033-23572546
E-Mail: bhaskar.roy@tcgre.com

Phone: 033-23577483

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