KKR India Asset Finance Ltd (KIAFL), non-bank finance unit of U.S.-based investment firm KKR, has infused 725 crore rupees ($102 million) in an office development project in Bangalore, to be developed by real estate company Embassy Group.
KIAFL said that it is seeking to provide tailored, financing solutions to high-quality projects in strong micro markets especially mid-market residential and commercial projects in Bangalore.
Embassy Office Parks, unit of Embassy Group, is listing 33 million square feet office real estate portfolio, of this, an area of 24 million square feet has been completed and has 95 percent occupancy with the remainder under construction.
As of February 2019, KIAFL has invested more than $1.5 billion in India’s realty sector.