Friday, July 25, 2008

Real Estate Fund

Milestone announced Rs 600 crore private equity find for Indian property segment. The details for this fund are being worked out.

Recently, Donald trump Jr. announced that he will soon float a real estate fund for Indian market. His fund is valued at US$1 billion. He is looking for an Indian partner for this venture, possibly a renowned business family.

Do these developments ring bells for a stagnant market? Do you think that these developments spell good news for Indian market?