Under this alliance, ISB would establish a Research Chair for 'Real Estate and Urban Studies' for which Indu would make a grant of $5,50,000 (approximately Rs 2.5 crore) spread over a period of five years. This Chair would function under the Wadhwani Centre for Entrepreneurial Development (WCED) at the ISB. As a part of the first tranche, Indu has released an amount of Rs 49.5 lakh here on Tuesday.










