The tactic has also been pursued by the
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 realestate market [...] 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%. Kotakâ??s first fund joined private equity group Warburg Pincus by taking a $10-million stake Lemontree Hotels, a new firm that is building business hotels across India.
Frederick Md Real Estate
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