February 2007
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Citi Property to invest $120 mn in luxury hotels

The New York-based Citigroup Property Investors (CPI) will invest up to $120 million in Bangalore-based Nitesh Estates' luxury hotels.
 
Nitesh Shetty, chairman of the Nitesh group, confirmed that Citigroup Properties would partner with Nitesh Estates on its forthcoming hotel … […]

Realty firms eye PE as bank funds dry up

Small- and medium-sized realty firms are scouting for private equity funds to finance forthcoming projects as bank funds have dried up following concerns over high credit growth to the sector.
 
“It is a typical case of demand beating supply, … […]

Realty firms eye PE as bank funds dry up

Small- and medium-sized realty firms are scouting for private equity funds to finance forthcoming projects as bank funds have dried up following concerns over high credit growth to the sector.
 
“It is a typical case of demand beating supply, … […]