Savills plans to launch an estimated £200 million, Indian property fund, next year. It is understood that the fund, which will be targeted at professional UK and international investors, will invest in commercial property in major cities and conurbations across Indias emerging property market.

Savills chief executive Aubrey Adams reports that the fund would look at sale and leaseback deals and agreements to provide advance funding to build new developments. Rules restricting foreign direct investment into Indias property market were softened back in February.