The year gone by saw a number of large investments by global majors in Indian real estate. Ltd and New York-based developer Tishman Speyer are set to sell their Hyderabad-based office property WaveRock for Rs2,000 crore, said two people aware of the development. WaveRock is an equal joint venture between GIC and Tishman Speyer, spread over 2.5 million sq. In 2015, GIC picked up 50% stake in Tishman Speyer’s WaveRock and both expanded the property to 2.5 million sq. The year 2018 is also likely to see continued momentum and strong inflows into commercial office assets, said the Cushman & Wakefield report.

Source: Mint January 22, 2018 17:48 UTC