23.08.2010 - India: Investors prefer realty market over MFs for quick buck
From Indiatimes.com: Over the last four years, more and more of the HNIs have been drawn to properties. They donít get into cash deals, broker-dealings and paper work ó the messy side of real estate transactions. Instead, they ask real estate fund managers to grow their money. Their message to fund managers is simple: ďfirst, donít buy listed stocks, go for unlisted builders; second, pick those property firms with projects in Mumbai and Delhi, the hottest markets.Ē Around 15 local real estate funds are today managing Rs 10,000-12,000 crore. Thatís as big as the portfolio management business of stock brokers...........................................Full Article: Source
Print