Tuesday, March 25, 2008

Private Equity investments in Indian real estate markets: Builders to feel the pinch as PE firms stay away

With a slowdown in private equity (PE) investments in real estate markets in India, builders and international property consultants believe that holding power of builders in certain real estate projects is expected to reduce in the 2008-09 fiscal.

While on one hand PE money is pouring into the real estate sector, the moot point is that capital available in real estate funding is very limited and is offered to only select clients. As a result, top five developers in suburban Mumbai are cutting down on the realty selling prices by about 10% to 12%, according to sources.
- Financial Express

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