There’s nothing stopping the ongoing slump in the real estate market. Analysts say land values and the selling price of real estate projects across the country are expected to slide further. At the same time, investors are becoming more cautious in the face of the rising cost of money and growing market risks. The high-risk scenario has resulted in private equity (PE) players increasing their internal rate of return (IRR) expectations from projects. A big PE player says its expectation are up from 20-25% about a year ago to around 25-30%. The director of Investment Advisory, DTZ, a property advisory firm, Ambar Maheshwari , says that the expectations today are more towards structured deals. “There has been a correction in the market and the values are expected to go down further. So, most investors are safeguarding their interests by inking structured deals,” explains Maheshwari. A number of deals are being structured in a way that the investor is entitled to a preferred or a priority return and even capital protection in some cases.   more »