Morgan Stanley invests in Indian real estate developer

Morgan Stanley announced Monday (July 17) its second foray into IndiaÆs real estate sector via an investment of $65 million in Alpha G: Corp Development Private Limited (Alpha). Alpha was founded in 2003 by a management team, which includes Colonel R.S. Sodhi and Mr. S.K. Sayal and is backed by Mr. Ghanshyam Sheth and the Mulji and Choudhurie families. It develops projects in northern and western India and has been involved in developments in IndiaÆs business process outsourcing (BPO)…