Fifteen real estate companies are waiting in the wings to tap the capital market to raise upto 6 billion dollars with the housing sector showing signs of recovery. This list includes Lodha Developers, Oberoi Constructions, Emmar MGF and Godrej Properties and many more.
These firms wanted to come out with the IPO earlier, but held them back due to bearish market. The success of a real estate IPO would depend upon corporate governance, background of the companies and the right pricing among others. Start-ups and relatively unknown firms would face difficulty to raise funds from the market.
Almost USD six billion private equity fund was also likely to come in the six to eight months time to the domestic real estate bazaar.
