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India: Realty firms turn to PE investors, NBFCs as banks tighten funding

Posted on 07 December 2010

From Livemint.com: Realtors are turning to private equity (PE) investors and non-banking financial companies (NBFCs) for money as banks tighten funding for real estate firms in the wake of the recent bribes-for-loans scam.
At least three real estate companies are currently engaged in talks with PE investors to support their ongoing projects as banks turned risk-averse after transactions with realtors came under the scanner of regulators and investigating agencies, according to investment bankers……………………………………….Full Article: Source

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