JPMorgan's real estate investment arm is in advanced talks with private Indian real estate firm Aparna Constructions & Estates Pvt. Ltd. to invest about $100 million in a project, the Economic Times reported, citing unnamed sources.
The investment is likely to be made through a special purpose vehicle, the report said.
Aparna Constructions declined comment to the newspaper. JPMorgan is the wholesale business of financial services group, JPMorgan Chase & Co.
Source : Market Watch