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  • IT/ITeS to drive demand for office space

    Agencies, Mumbai, The Indian Express

    January 17, 2012

    Riding high on the growth in the IT/ITeS sector, demand for commercial office space will continue to grow in 2012, a survey by Fitch Ratings said. The rating agency, in its report titled "2012 Outlook: Indian Real Estate Sector", has hinted at a lower growth in the retail commercial space.

  • Believe in India growth story; PE a long-term play in the country: Charles Kaye & Joseph Landy, Warburg Pincus

    Satish John & Brian Carvalho, Mumbai, The Economic Times

    January 13, 2012

    They are rare breed. As heads of a bulge-bracket private equity firm, they are veteran India watchers closely tracking what's happening on the ground for the past 17 years. Charles (Chip) R Kaye and Joseph (Joe) Landy, co-presidents of Warburg Pincus, are on their umpteenth India visit.

  • Private equit Investments soar 75% in realty, mutual funds shun sector on rising interest rates

    Anuradha Himatsingka & Ravi Teja Sharma, New Delhi, The Economic Times

    January 12, 2012

    Private equity investments in India's real estate projects have grown more than 75 percent over the past year, even as mutual funds and other investors have shunned this sector because of rising interest rates and falling revenues. Analysts say developers approach private equity players and are more amenable to negotiations during such downturns. That explains why investments in real estate projects by various private equity funds have soared, rising to $1,656 million in 2011, from $944.7 in the previous year, according to accountancy and advisory firm Grant Thornton, while mutual funds reduced their exposure to the sector drastically during this period.

  • PE investments rise 41% to a 4-year high in 2011

    Deepti Chaudhary, Mumbai, Mint

    January 04, 2012

    Private equity (PE) and venture capital (VC) investments in India rose 41% in 2011 over the previous year-the highest since 2007 - as a sluggish capital market and costlier debt led Indian companies to approach these investors for fresh funds.

  • Maha govt changes Development Control Rules for Dharavi re-development

    Agencies, Mumbai, The Financial Express

    January 03, 2012

    Ahead of the Mumbai civic polls, Maharashtra government today announced changes in the Development Control Rules (DCR) for the re-development of Dharavi slum, situated in central Mumbai. Addressing a press conference here, chief minister Prithviraj Chavan said that the process of re-development of sector 5 in Dharavi, would get a boost, following the changes in the DCR.