12.01.2011 - India: Realty firms tap PE funding to complete projects
From Livemint.com: Real estate developers in north India are again aggressively scouting for funds for the completion of residential projects announced much earlier. An estimated $400 mn across 11 deals was invested in real estate projects in north Indian market last year. New Delhi-based realty firm Parsvnath Developers Ltd (PDL) has raised Rs.100 crore by selling 49.9% stake in a housing project at Ghaziabad to private equity (PE) firm SUN-Apollo India Real Estate Fund LLC..............................................Full Article: Source
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