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INDIS inks ₹ 1,000 crore deal with Brookfield

INDIS

Bengaluru, November 11, 2021: South India focussed developer, INDIS (formerly INCOR Group) on Thursday announced the closure of an ₹ 1,000 crore transaction with Brookfield Asset Management. The deal will fuel INDIS’s strategy of aiming to grow their housing portfolio in the mid-market segment in South India based urban locations

 “This transaction will help us grow our portfolio of operating projects at a faster pace while creating more value for stakeholders, especially our customers. A portion of the deal will also be used to give an exit to some of the current investors.” , said G Anand Reddy, Founder, INDIS

The transaction represents an ₹ 1,000 crore investment in five residential projects under development in South India from Brookfield’s Special Investment Fund (BSI). The investment is in the form of structured capital with base returns and an equity upside. This investment provides INDIS with additional liquidity to accelerate the development of projects in a fundamentally strong residential market.

Dev Santani, Managing Director, Brookfield Asset Management“This is the fourth transaction with INDIS and represents our philosophy of building strong relationships with known counterparties BSI continues to scale up its business in India and is evaluating multiple opportunities across sectors including financial services, industrials & real estate”, said Dev Santani, Managing Director, Brookfield Asset Management.