Tuesday, August 18, 2009

Bangalore-based realty companies plan to invest in Mumbai and Pune

With the real estate sector picking up in large parts of the country, Bangalore-based realty companies such as Puravankara Developers, Sobha Developers and Nitesh Estates are now exploring options to enter new markets.

It is learnt that these players are drawing up plans to invest in cities such as Mumbai and Pune.

The consensus is that money will not be easy to raise at a time like this. “It will be interesting to see how these companies arrange for the funds for these projects. While PE money is hard to come by, it will not be easy to take the capital markets route,” said a consultant at an international real estate firm.

To read more, please, visit The Economic Times

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