30.09.2009 - India: IPO filings by real estate firms signal recovery
From Livemint.com: India’s real estate business is celebrating a revival of fortunes after plumbing the depths during the economic slowdown with a tentative return to the initial public offerings (IPO) market. Taking the plunge are Emaar MGF Land Ltd, Lodha Developers Ltd and Sahara Prime City, all of which filed their draft red herring prospectuses on Tuesday with the stock market regulator, Securities and Exchange board of India (Sebi), to raise a total of around Rs9,800 crore.....................Full Article: Source
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