Brick Eagle to raise $ 100 mn for affordable housing

Investment manager Brick Eagle Capital Advisory plans to raise $ 100 million to invest in lands for affordable housing development. This will be routed through Brick Eagle’s Singapore fund.  Brick Eagle is working towards delivering a million housing units by 2030 and plans to tie-up close to 1,000 acres of lands this year. These lands will be developed to house over 70,000 families in the next 5-7 years.
Rajesh Krishnan, Brick Eagle CEO said, “Mumbai remains key focus area for our investments in 2014. Mumbai currently needs over 2.5 million affordable homes and we hope to address at least 1 per cent of this demand through our investments.”
Brick Eagle currently manages over 30 million sq.ft. of affordable housing projects, which are at various stages of development.

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