KKR India realty investments co-head Ashish Khandelia resigns, to set up own fund

Ashish Khandelia who co-headed the real estate investments of global private equity major KKR& Co in India has put in his papers, according to two people aware of the development. Khandelia, director, Capital Markets, KKR India plans to set up his own real estate finance business consists of private equity, structured financing and NBFC as well, said first person on condition of anonymity. Besides Khandelia, another member at real estate team Saurabh Gupta – principal, Real Estate, KKR India also put in his paper last week. A KKR spokesperson, however, declined to comment on the matter.