| Many new real estate projects, especially those in which private equity (PE) firms are investing, could see a substantial price correction across India as PE players have begun to dictate the prices to be charged, apartment sizes and project schedules.
"PE players dictate terms like what prices to be charged, whether the project should be affordable or luxury and exact time of its completion," said Sunil Rohokale, executive director, ASK Investment, which has invested Rs 850 crore till date and recently raised Rs 480 crore. "The increased power of PE players is due to the unavailability of funds from any other source.".............................................Full Article: Source
|