After foreign institutional investors (FIIs) lapped up realty stocks in the recently concluded equity placements by property majors, India-focused private equity players and non-resident Indians (NRIs) are loosening their purse strings in the real estate space. Delhi-based realty major Parsvnath Developers said on Thursday it has signed an agreement with realty fund Red Fort Capital to invest Rs 90 crore in its premium luxury project in Delhi, making it the first PE deal in the housing segment in the June quarter. Red Fort picked up an 18 per cent stake in Parsvnath Landmark Developers Pvt Ltd (PLDPL), which is developing the 16.84-acre project in Civil Lines in north Delhi.   more »

Three overseas financial giants have evinced interests to pick up 26 per cent stake in UTI AMC, where four stakeholders including LIC and SBI have 25 per cent stake each. "Three overseas players have evinced interests to pick up the 26 per cent stake in UTI AMC. However, no concrete decision has been taken yet," a top UTI AMC source told media. The source, however, did not reveal the identity of the interested parties, nor the value of their bids.   more »