12.09.2011 - India: Realty cos may take a hit from PEs lien
Some cash-strapped real estate players turning to private equity (PE) firms for money are walking into a virtual minefield. Though PE firms have come to the rescue of many developers struggling with falling sales and mounting debt, the way some of these deals are structured could add to their problems later. Industry sources said that most PE players are demanding 30-40% assured returns on their investments in realty projects, failing which the PE firms would get lien over their properties..............................................Full Article: Source
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