Goldman Sachs plans return to Indian real estate with $2-3 billion investment

Goldman Sachs plans to invest $2 billion to $3 billion in India’s real estate over the next three years, people familiar with the matter said. The move is part of the global investment bank’s plan to put in $30 billion in alternative investments in Asia over the next five years.

Goldman Sachs is looking to come back to India’s property market amid a revival in residential real estate after going slow on this sector in the past decade following the global financial crisis. Goldman has about $2.5 billion of real estate investment in China.