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
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