<article>Global investment firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/kkr">Kohlberg Kravis Roberts and Co. LP (KKR)</a> has  signed a definitive agreement with Bengaluru-based <a style="color: #000080;" href="https://www.mantri.in/">Mantri Developers</a> to invest Rs 145 crore ($21.5 million) in a project by the realty firm.</article>

Global investment firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/kkr">Kohlberg Kravis Roberts and Co. LP (KKR)</a> has  signed a definitive agreement with Bengaluru-based <a style="color: #000080;" href="https://www.mantri.in/">Mantri Developers</a> to invest Rs 145 crore ($21.5 million) in a project by the realty firm.
The funds will be deployed in 1.3 million sq ft of luxury residential projects in Bengaluru, Mantri said in a statement.
“We are focused on providing long-term solutions to India’s real sector by financing the projects of experienced partners like Mantri Developers. This investment marks the start of a relationship with Mantri and his team, and underscores our confidence in Bangalore’s real estate sector and economic prospects.” Sanjay Nayar, CEO of KKR India, said.
In December, it was reported that Mantri Developers had raised Rs 165 crore ($24.5 million) from <a style="color: #000080;" href="http://dealstreetasia.com/tag/piramal-fund">Piramal Fund Management</a> for the construction of two of its projects, including a residential property in Manyata Tech Park in Bengaluru, which received Rs 100 crore.
“We are thrilled that a global investor like KKR has shown confidence in our high-end project and is confident about the real estate market in Bengaluru,” Mantri Developers CMD Sushil Mantri said.
Mantri Developers claims to have  developed over 18 million square feet across assets class and has over 23 million square feet under various stages of construction across residential sector, retail, hospitality, IT Parks and educational institutions in Bangalore, Chennai , Hyderabad and Pune.
KKR makes its real estate investments in India <a style="color: #000080;" href="http://dealstreetasia.com/tag/kkr-asset-finance">KKR India Asset Finance</a>, a non-banking finance company.
In February, KKR had invested around $22 million in the upcoming luxury residential projects in premium real estate developer <a style="color: #000080;" href="http://dealstreetasia.com/tag/sunteck-realty">Sunteck Realty Ltd</a>.
Prior to that in December last year, it invested Rs.700 crore ($104 million) in three real estate projects in back-to-back transactions. It invested Rs.200 crore ($30 million) in structured debt to SARE Homes’ group housing project in Gurgaon, about Rs.250 crore ($37 million) in a township project of Bhartiya City Developers Pvt. Ltd in Bengaluru and another Rs.250 crore in a luxury residential project called Parthenon in Andheri, a Mumbai suburb.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/kkr-to-invest-22m-in-sunteck-realtys-residential-projects-in-mumbai-29606/">India: KKR to invest $22m in Sunteck Realty’s residential projects in Mumbai</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/kkr-invests-rs700-crore-in-three-realty-projects-24923/">Busy December quarter for KKR as it invests $106m in three Indian realty projects</a>

KKR has  signed a definitive agreement with Bengaluru-based Mantri Developers to invest $21.5 million in a project by the realty firm.

India: KKR invests $21.5m in Mantri Developers' Bengaluru project

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India: KKR invests $21.5m in Mantri Developers' Bengaluru project

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