| From Business-standard.com: The downturn has drastically lowered valuations of Indian real estate firms but the promoters face virtually no threat of takeovers as they are sitting on stakes in excess of 70-80 per cent of equity.
At the same time, the fall in the share price has severely crimped their ability to raise funds through stake sales to private equity and strategic investors. The real estate sector, which was doing well till January, is in the midst of what many feel will be a prolonged downturn..... Full Article: Source
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