Tata AIA Life eyes to make into real estate investments

Tata AIABy Accommodation Times Bureau

Tata AIA life a private life insurance company is seeking to enter into real estate investment as a category. The insurance company which was absent in realty market may enter this segment soon.

The Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance said, “In terms of the new areas of investments, we are looking at real estate investments and are at the final stages of closure and will have it by end of this year.”

The insurance regulator had earlier allowed insurance companies to also invest in real-estate investment trusts (REITs). However, large life insurance companies including Life Insurance Corporation of India (LIC) are already big players in the real estate investment space.

In terms of the rate cut scenario in the country, the Chief Investment Officer said that overall, we don’t see much room for rate cuts anymore and there could be a prolonged pause except probably one 25 bps cut in this fiscal.

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