20.07.2011 - India: Realty PEs raise funds from HNIs
Domestic private equity funds in the real estate space are emerging as a popular investment option for a section of the rich and some family offices in the country. Over the last few years, money from institutional investors that was part of such funds has dried up. Banks have been directed by the central bank to reduce their exposure to real estate. "In such a scenario, people with high networth are investing with fund houses as these offer better yield to the investors," says Sandeep Kotak , executive vice-president and business head for commercial real estate at Kotak Mahindra Bank.............................................Full Article: Source
Print