PE FIRMS BUILD UP ON REAL ESTATE SECTOR (real estate companies are negotiating with PE companies to mobilise funds for their expansion projects).

(From India Business Insight)

Indian and foreign private equity (PE) companies are investing heavily in the Indian real estate sector and have lined up large and medium-sized PE deals, cumulatively worth about Rs5,000 crore.

PE companies like GIC of Singapore, Black Stone, Starwood Capital, JP Morgan Stanley, Walton Steel Capital, AIG, HDFC Reality, IL&FS and Kotak Real Estate are in the process of tying up deals in companies like Peninsula Land, Mahindra Gesco, Unitech, Hiranandani Constructions, Lok Housing, Ansal Properties, K Raheja Corp and Anand Raj.

Hiranandani Constructions is planning to mobilise Rs300-400 crore.

Mahindra Gesco and …