Actis India Real Estate Fund has taken a minority stake in the Yeshwantpur project of Bangalore-based developer Vaishnavi Infrastructures Pvt. Ltd. (VIPL). This marks the first entry of Actis, a leading private equity investor, into the country's realty segment.

The proceeds of the investment will finance the construction and development of approximately 925,000 sq. ft. of high-end residential and retail space at Yeshwantpur, which is emerging as one of Bangalore's most attractive suburbs.

According to T.R. Srinivas, Director of Capital, a knowledge-oriented investment bank headquartered in India and the sole advisor to VIPL, "this deal is a testament to the booming realty industry in this region. This collaborative approach, with a committed long term partner, will strengthen the development capabilities of the Vaishnavi Group and exert significant influence on the development of innovative projects".

                                                                                                        Courtesy Realty plus