Yatra Capital lines up $1 billion in real estate

Yatra Capital lines up $1 billion in real estate.
Saffron Asset Advisors, which manages investments of NYSE Euronext-listed real estate investment firm Yatra Capital, is planning to invest over $ 1 billion in India over the next 12 months. 'We are going to raise $200 million soon. We will be raising another $200 million for the hospitality sector and a $200 million more for the warehousing and storage sector. In 12 months we will be investing over $1 billion in various real estate projects,' said Saffron Asset Management MD Ajoy Veer Kapoor. The company is also planning to raise a domestic fund of Rs 300 crore.In December, 2006, the company raised $100 million by listing the company on the NYSE Euronext. The entire fund has been invested in six months. Private equity firms have so far committed close to $3 billion investments in Indian real estate sector this year despite a pressure in property prices due to increased loan rates.