New Delhi: Caisse de Depot et Placement du Quebec (CDPQ), Canada’s biggest public pension fund is all set to make investment in the prospering Indian realty segment.

The pension fund, set up in 1965, plans to invest around $1.7 billion by 2012.

This would be CDPQ’s initial investment in India.

The company sources said that CDPQ’s Chief Executive Officer (CEO), Mr. Paul Campbell, will came to India to fulfill the obligatory conditions related to the deal.

CDPQ would concentrate on building up real estate opportunities in Mumbai, Delhi, Bangalore and Hyderabad, the sources added.

CDPQ would make Indian investment under its SITQ division that specializes in the investment and management of office buildings.

SITQ aims to bring around 15% of its overall realty assets to India by next five years (2012).

A fresh report Jones Lang LaSalle forecasts that around $10 billion foreign investment would be pumped into the Indian realty segment by the next 12-18 months.