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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
JPMorgan is looking to make a principal investment of $210m in Indian real estate. The move, using the bank’s own balance sheet, was launched yesterday with an initial $60m investment in a project run by Lodha Builders, one of the larger Mumbai-based developers. Several of the leading Western investment banks present in India are looking to make direct investments in the sector, chasing what are expected to be high returns as the pace of development in the city quickens.
