Although no big ticket private equity investment has been announced this year, 2010 is going to be a year full of events," Millennium Spire India Management Managing Director Ashish Bhalla told reporters here.
The PE fund, which is currently developing about eight million sq ft of area in four projects, would focus on India and other emerging countries for its future growth, he
"We have decided to invest $1 billion in Indian real estate in the next few years.
Going forward, we will also work on infrastructure projects," Bhalla
said, adding the company is exploring possibilities in Haryana, Uttarakhand and Tamil Nadu and is talking to the respective state governments.