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. And Dev realestate Development, listed on Londonâ??s Alternative Investment Market in January. This unit of Indiaâ??s Kotak Mahindra Bank hopes to attract pension funds and other institutional investors, mostly from Europe, with an internal rate of return target of around 25%. 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 to accumulate land and build at a time when the [...]
Sarasota Real Estate News
Information is deemed reliable but not guaranteed.