23.12.2011 - India: PEs rake in money from realty amid slowdown
Amid the perception of gloom and doom in the Indian property market, here's something to cheer about. The real estate industry has given 1.21 times, or 20 per cent, average returns to private equity (PE) investors in the past four years, compared to the global average of 0.8 times. Mumbaiand Kolkata, with returns of 1.4 and 1.3 times, respectively, were the top performers, said a report by global property consultant Jones Lang LaSalle (JLL)...............................................Full Article: Source
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