18.03.2011 - Private equity exits in real estate likely to soar in 2011
Private equity (PE) exits in Indian real estate are expected to surge this year, largely through equity buybacks and secondary sales. The exits are mostly a result of the typical three-five year investment horizons of several funds heading to a natural end in 2011-12. The first wave of foreign direct investments in the sector was in 2005-06. While there were eight exits from realty investments in 2010, valued together at about $1.2 billion (Rs.5,424 crore), there have been six exits worth a combined $124 million this year, according to research firm VCCEdge..............................................Full Article: Source
Print