India: Tata Housing, Macquarie to invest $298m in top residential realty projects

Despite prolonged slowdown, investors are not shying away from committing capital in the realty sector.

Macquarie Infrastructure and Real Assets (MIRA), a part of Australia’s Macquarie Group Ltd, and realty firm Tata Housing Development Co. Ltd have agreed to jointly invest around Rs2,000 crore to develop high-end residential projects, two people familiar with the development said.

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