Brick Eagle Capital Advisory plans to invest around USD100mn in India housing sector:

Brick Eagle Capital Advisory plans to invest around USD100mn in India housing sector:

The very famous Brick Eagle Capital Advisory has indicated that it plans to aggregate USD 100 million approximately through its Singapore fund. The money in discussion will be utilized to buy land in various parts of India to cater to the ever growing affordable housing segment.  India is growing relentlessly in terms of its population and good quality housing is becoming highly unaffordable for the average working Indian. This is the very reason that top real estate players are eyeing his segment very carefully and trying to do their best to deliver affordable housing projects that would surely be lapped by the masses.

This particular fund is being geared up to deliver more than a million housing units targeted for the low income group by investing in large tracts of land that have been specially identified for the affordable housing market.  The fund plans to buy at least one thousand acres of land in the year 2014 which could help provide a proper shelter to more than seventy thousand Indian families in the next six years.