29.06.2012 - India: Realty sector sees $3.2-bln PE exits in 4 years
The real estate sector in India has seen $3.2 billion of private equity (PE) investor exits in the last four years, according to a white paper issued by Jones Lang LaSalle India. In rupee terms, this amounts to about Rs 14,720 crore, considering the rate of Rs 46/dollar suggested in the study. Shobhit Agarwal, joint managing director (capital markets), Jones Lang LaSalle India, said, “The total PE exits from the real estate sector in the 24 months that started January 2012, would be of $3 billion. We expect PE exits of about $1 billion in 2012.” He, however, added the total number of exits during the period would not be known...............................................Full Article: Source
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