| Foreign investors chary for diverse reasons, beside having more restrictions. With global investors keeping away from Indian realty, private equity (PE) fund managers are trying to persuade high net worth individuals (HNIs) and executives of domestic financial institutions to fill the gap.
Hari Krishna, director, Kotak Realty Fund, said, “Foreign LPs’ (limited partners) interest has decreased relatively, following reduction in their AUM (assets under management) due to losses in developed economies. Lack of returns from India from past investments so far is another reason. Also, inflation and corruption scandals are hurting their belief in the India growth story.”.............................................Full Article: Source
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