March 2007
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Private equity to power realty firms

Real estate developers are increasingly looking at private equity firms as banks are turning off the taps due to the Reserve Bank of India’s stringent guidelines on funding commercial and retail developments.   In the first two months of 2007 alone, nearly Rs 1,500 crore worth of private equity deals have been forged by developers all over the country.   Industry sources estimate that as much as $4 billion (Rs 18,000 crore) could have been invested in domestic real [...]