MPC Synergy, which joins Deutsche Bank and Lehman Brothers to invest in India’s real estate market, has significant experience in doing business in India.

“MPC Synergy Real Estate can benefit from the country’s fast economic growth and provide access to investment opportunities in the highly promising Indian real estate market,” the fund says in its Web site.

Only in May this year, MPC Synergy formed a joint venture with the Anil Nanda group company, Akme Projects, to develop seven premium housing projects with an equity investment of about Rs 1,000 crore.

The 50:50 joint venture, Akme Rhine River Projects, will develop the seven projects in Ludhiana, Mohali, Greater Noida and two each in Banglore and Gurgaon by 2012. Last year, MPC Synergy unveiled plans to invest about $1 billion in the Indian real estate market over a period of time.