Tag Archives: Market Situation

IL&FS realty fund mops up 895 million dollars

December 10, 2008 – 1:38 am

IL&FS real estate fund has mopped up $895 million (Rs 43,855 crore), promising overseas investors a return as high as 25%. The fund, called the IL&FS India Reality Fund 2, closed on Monday. Nearly 50% of the investment in the fund has come from US-based investors. The money has been raised at a time when [...]

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Capital won’t be issue for big realtors

November 8, 2008 – 1:29 am

Fund-starved realtors may heave a sigh of relief. Banks are now considering loans to this sector on case-to-case basis, especially for those facing genuine liquidity problems.
The move follows Prime Minister Manmohan Singh’s assurance to the industry that liquidity should not be a problem for companies having good fundamentals. Leading bankers have started asking developers to [...]

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