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Real Estate Briefing - Categorized | Emerging Trends, IPOs/Stock Market more

Indian property IPOs may stall after probe, top arranger says

Posted on 10 December 2010

From Bloomberg: India’s busiest quarter for real estate share sales in three years may falter after a corruption probe into loans to developers triggered a slide in stocks, the nation’s top arranger for initial offerings said.

“In the short-term, the real estate industry will face some headwinds,” said V. Jayasankar, head of equity capital markets at Kotak Mahindra Capital Co. in Mumbai. “When the sentiment improves and volatility subsides, the market will favor companies with strong corporate governance practices.”……………………………………….Full Article: Source

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