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India: Realty developer-backed PE funds fail to take off

Posted on 18 August 2011

Unitech group, Ackruti’s plans still on paper while Shapoorji’s fund gets few takers. The slowdown in the real estate sector may have seen developers going easy with projects, but even the launch of private equity funds backed by developers have failed to take off.
The fluctuating economic environment has repelled, at least, three real estate developers, who had planned to mop up nearly Rs 3,000 crore from domestic institutional and retail investors last year, from not testing the waters……………………………………….Full Article: Source


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