And the valuation issue has hit performances by
And the valuation issue has hit performances by recent debutantes such as Mumbai-listed Akruti Nirman Ltd. Kotakâ??s first fund joined private equity group Warburg Pincus by taking a $10-million stake Lemontree Hotels, a new firm that is building business hotels across India. The tactic has also been pursued by the land arm of US investment bank Morgan Stanley, which has bought into three small Indian developers, itching [...] â??They need to juice up their returns,â? Krishna said of the willingness of investors to dabble in relatively high risk Indian land.
Malibu Real Estate
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