<article>US-based banking giants <a href="http://dealstreetasia.com/tag/jp-morgan" target="_blank" rel="noopener">JP Morgan</a> and <a href="http://dealstreetasia.com/tag/morgan-stanley" target="_blank" rel="noopener">Morgan Stanley</a> have reportedly put on hold their private equity investments in real estate in India.</article>

US-based banking giants <a href="http://dealstreetasia.com/tag/jp-morgan" target="_blank" rel="noopener">JP Morgan</a> and <a href="http://dealstreetasia.com/tag/morgan-stanley" target="_blank" rel="noopener">Morgan Stanley</a> have reportedly put on hold their private equity investments in real estate in India.
According to a Business Standard <a href="http://www.business-standard.com/article/specials/jpmorgan-morgan-stanley-put-india-realty-investments-on-hold-117111600056_1.html" target="_blank" rel="noopener">report</a> citing sources, both JP Morgan and Morgan Stanley were not satisfied with the growth in India.
The report comes at a time when global private equity giants such as<a href="http://dealstreetasia.com/tag/kkr" target="_blank" rel="noopener"> KKR</a>,<a href="http://dealstreetasia.com/tag/blackstone" target="_blank" rel="noopener"> Blackstone</a> even Singapore&#8217;s sovereign wealth fund <a href="http://dealstreetasia.com/tag/gic" target="_blank" rel="noopener">GIC</a> are aggressively increasing their investments in the country.
According to sources cited in the news report, JPMorgan could raise half of the India-focused fund which was initially expected to touch $600 million. JPMorgan last invested in India real estate early last year when it signed a Rs 200-crore deal with Bengaluru-based <a href="http://dealstreetasia.com/tag/assetz-property" target="_blank" rel="noopener">Assetz Property Group</a> in early 2016.
On the other hand, Morgan Stanley has also put off its plan for an a $500-million India-focused property fund, as per the news report. Morgan Stanley was reportedly in talks with <a href="http://dealstreetasia.com/tag/oberoi-realty" target="_blank" rel="noopener">Oberoi Realty</a> along with Singapore’s sovereign fund GIC Pte. Ltd to form a retail platform with a corpus of Rs1,000 crore.
While e-mail sent to Morgan Stanley did not receive a reply till the publishing of this article.
Responding to the article, a JP Morgan spokesperson said &#8220;We do not comment on news reports. J.P. Morgan Asset Management has a long-standing presence in India Real Estate, with an established on-the-ground team in place since 2006. We continue to be focused on driving results for our clients, maximizing investment performance and providing exceptional client service.&#8221;
Indian real estate has been attracting global interest especially in the commercial realty space. Many global funds like Canada Pension Plan Investment Board (CPPIB), Blackstone, Qatar Investment Authority (QIA), GIC, Abu Dhabi Investment Authority (ADIA) and Dutch pension fund APG have been building up portfolios of commercial properties in India, either through partnerships with local partners or individual transactions.
Recently, European conglomerate <a href="http://dealstreetasia.com/tag/allianz" target="_blank" rel="noopener">Allianz </a>established a partnership with Indian construction major <a href="http://dealstreetasia.com/tag/shapoorji" target="_blank" rel="noopener">Shapoorji Pallonji Group</a> to set up a $500-million fund.
It was also reported earlier this year that Blackstone Group Lp, was in talks to acquire ILFS India Realty Fund I, a $525 million real estate fund owned by IL&amp;FS Investment Managers Ltd.
Also Read:
<a class="tinymce-colortext" style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/india-allianz-shapoorji-pallonji-84074/" target="_blank" rel="noopener">Allianz partners Shapoorji Pallonji to launch $500m real estate fund for India</a>
<a class="tinymce-colortext" style="color: #ff0000;" href="http://India: Real estate funds find flavour with investors in a slow realty market Read more at: https://www.dealstreetasia.com/stories/india-investors-real-estate-funds-73524/" target="_blank" rel="noopener">India: Real estate funds find flavour with investors in a slow realty market</a>
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US-based banking giants JP Morgan and Morgan Stanley have reportedly put on hold their private equity investments in real estate in India.

Morgan Stanley, JP Morgan put Indian realty investments on hold: Report

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Morgan Stanley, JP Morgan put Indian realty investments on hold: Report

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