Xander likely to raise $300-400m India fund later this year

Global investment firm The Xander Group Inc., which has invested around $2 billion in India’s real estate sector, is planning to ramp up its office portfolio and buy shopping malls under its retail arm Virtuous Retail South Asia Pte Ltd (VR). In April, Xander said it bought an information technology special economic zone in Chennai for $350 million and acquired North Country Mall in Mohali under VR for $108 million.