Released on: May 24, 2008, 2:36 am

Press Release Author: varma

Industry: Real Estate

Press Release Summary: With the Indian real estate market slated to grow 35-40 per
cent in value terms over the next two years, private equity (PE) players are lining
up significant investments in the segment. Led by Blackstone and the PE arm of
Deutsche Bank, a host of players -including Red Fort Capital Advisors, Starwood
Capital and Walton Street - are expected to invest close to US$ 12 billion combined
in homes, offices, townships, hotels and other projects.


Press Release Body: With the Indian real estate market slated to grow 35-40 per cent
in value terms over the next two years, private equity (PE) players are lining up
significant investments in the segment. Led by Blackstone and the PE arm of Deutsche
Bank, a host of players -including Red Fort Capital Advisors, Starwood Capital and
Walton Street - are expected to invest close to US$ 12 billion combined in homes,
offices, townships, hotels and other projects.

Red Fort Capital is preparing to invest Rs 3,500 crore, mainly on budget hotels,
while Starwood is committing Rs 800 crore to Chennai-based Shriram Properties.
Deutsche Bank will help Suncity Projects raise Rs 1,500 crore, and the Blackstone
Group has said it would invest around US$ 18 million (around Rs 73 crore) in Synergy
Property Development Services. Kuldeep Chawla, director, Red Fort Capital, said, \"We
will focus on developing a chain of budget hotels by associating with local
developers. About 400 budget hotels with 60,000 hotel rooms are expected to come up
in India. We will look at investing in a diversified portfolio of properties.\"

In 2006, markets regulator SEBI opened up the real estate market to PE investments.
The first year was a learning period. \"The following year saw a real correction in
the market, with large incremental growth rather than dramatic growth, where stock
market money went into special purpose vehicle-level investments,\" says Arun
Natarajan, founder & CEO, Venture Intelligence India, which tracks the PE
segment...........

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