Unitech Corporate Parks, a real estate investment firm, revealed it had its eyes focused on at least two international private equity firms to make a second round of bids for its IT property in Gurgaon. These equity fund firms include a Canadian pension fund and a Singaporean sovereign wealth fund.

The first round bidders included fund firms like Tishman Speyer and Mapletree. They placed offers of between INR2,300 crore and INR2,700 crore respectively for the 3.6 million square feet special economic zone property. The property has tenants like RBS, Accenture, Sapient, Ernst & Young, and Bank of America. Sources close to the company said they expect Unitech to finalize the deal before August ends.

For the second round of bidding, Unitech Corporate Parks invited the Canadian Pension Fund, GIC of Singapore, London-based Xander, and New York City-based Blackstone.

The real estate investment firm is looking to raise about INR1,100 crore from the deal. The company said that they will use the net proceeds to pay off some of its debt that stood at more than INR5,500 crore in their last financial reports.