09.10.2008 - Indian realty funds find sweet spot as financing becomes hard to get
From Live Mint: Being virtually the only source now, these funds are calling the shots, getting a better deal for themselves. As funds from banks and capital markets become more difficult to access, property developers are increasingly looking towards real estate funds to carry their projects forward. “Earlier, there was money chasing assets. Now, there are assets chasing money,” said Ved Prakash Arya, managing partner of Mumbai-based Milestone Capital Advisors Ltd, that manages $ 600 million across three domestic and one offshore fund..... Full Article: Source
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