bangalore the bangalore real estate market seems to be catching the fancy of global pe funds and hni investors alike after a slew of such investments in the last few months comes a major fdi land deal in the citys it hub of outer ring road orr according to real estate sources mapletree investments the real estate unit of singapores state investment firm temasek holdings is buying 12acres of land in global technology park gtp on orr and a 35 lakh sft commercial unit situated in gtp for about rs 200 crore mapletree investments is an asiafocused real estate development investment and capital management company global technology park which is managed by assetz a property development service company spans 15 acres and has a 35 lakh sft commercial development that has been leased to lsi logic a delhibased industrialist whose business interests include manufacturing of gutka owns this land parcel the owners are believed to have retained 3acres of the total land bank on which they plan to build a luxury hotel sources with direct knowledge of the deal informed toi that a formal announcement of the deal is likely to happen in the next 23 weeks assetz and mapletree did not respond to queries from toi till the time of going to print as of september 30 2011 mapletree owns and manages s1874 billion of office logistics industrial residential and retaillifestyle properties it manages three singaporelisted real estate investment trusts reits and three private equity real estate funds which together hold a diverse portfolio of assets in singapore and throughout asia orr has being witnessing a lot of commercialleasing activity with it bigwigs such as accenture taking office space in the area global real estate consultant jones lang lasalle in its julyseptember quarterly q3 report spoke of accenture leasing 130347 sft in pri tech park on orr another tech park prestige exora block b2 a stpi building which became operational from the second quarter of this year has jp morgan chase and juniper networks as key tenants ravi ahuja of real estate consultancy cushman wakefield said fund houses want to allocate some part of their portfolio to riskfree income yielding assets such rental assets provide 9 to 12 assured returns and further scope of capital value appreciation